In what is considered as a sigh of relief, Nigeria has won its case against the Process and Industrial Developments Company, P&ID.
In the case marked CL-2019-000752, the Nigerian government sought to overturn an arbitration award in favour of the Process and Industrial Developments Company, P&ID which has now accrued interest worth $11 billion.
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In what is considered as a sigh of relief, Nigeria has won its case against the Process and Industrial Developments Company, P&ID.READ MORE FROM DAILY REPORT NIGERIASupreme Court Takes Decision on Atiku’s Appeal Against TinubuSenate Moves to Unbundle INEC, Implement Diaspora VotingCourt Sacks Senate Minority Leader, Simon MwadkwonShell to Return Operational Headquarters to DeltaNNPCL Reacts as Fire Guts Warri RefineryRefineryNASS Dragged to Court Over N57.6bn SUVsTinubu Dragged to ECOWAS Over Certificate ForgeryNUC Warns NBTE Against Top-up Degree Program For Polytechnic GraduatesNigeria Ranked Second Most Praying Nation on EarthCBN Lifts Ban on Importation of 43 Items (FULL LIST)Lamentations as Cooking Gas Price Hits N1,200 Per KGQueues Return as Fuel Price Hits N1000 in Abuja
P&ID had claimed it entered into an agreement with the federal government to build a gas processing plant in Calabar, Cross River State, but the deal collapsed because the Nigerian government failed to fulfil its end of the bargain.
Judgement has now been delivered in Nigeria’s favour by a London High Court has now delivered.
