The Nation Newspaper BREAKING: Nigeria wins bid as UK court quashes $11bn P&ID award
A judgement delivered by Justice Robin Knowles of the Business and Property Court via email, on Monday held that P&ID obtained its multi-billion-dollar arbitration award against Nigeria by fraud.reports P&ID was awarded a 20-year contract in 2010, to construct and operate a gas processing plant in southern Nigeria, as part of a wider plan to exploit Nigeria’s abundant reserves of gas.
With the interest rate fixed at seven percent amounting to $1 million a day, the potential payment had accumulated to over $11 billion before the verdict.The application was granted by Ross Cranston, a judge of the Business and Property Courts of England and Wales, in September 2020, thereby returning the case to arbitration.Lawyers representing the federal government told the court that P&ID officials paid bribes to secure the contract.
Abuja doctor reveals a unique way to permanently cure weak erection, small and shameful manhood, and infertility issues without side effects within a short period. Click now to see!!/* real people should not fill this in and expect good things - do not remove this or risk form bot signups */
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: Massive victory for Nigeria as UK court quashes $11bn P&ID awardNigeria's independent online newspaper
Read more »
UFC 294: Kamaru Usman loses epic clash against ChimaevPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
INTERVIEW: How Israel-Hamas crisis can be resolved -Bishop KukahPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Colonialism shaped modern universities in Africa – how they can become truly AfricanPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
The uncommon lawlessness of Godswill Obot Akpabio, By Chidi Anselm OdinkaluPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Why the ban as policy tool has come to stay, By Uddin IfeanyiPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »