The Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
The Federal Government of Nigeria on Monday finally emerged victorious in its legal case against Process & Industrial Developments Limited in a United Kingdom court.
In a ruling delivered via e-mail, the Justice of the Commercial Courts of England and Wales, Robin Knowles, upheld Nigeria’s prayer. With the interest rate fixed at seven percent amounting to $1 million per day, the potential payment had accumulated to over $11 billion before the verdict. It also said that lawyers associated with P&ID disregarded their professional integrity, including sharing the country’s privileged documents, in pursuit of a promised ‘pot of gold’.
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: Nigeria wins bid as UK court quashes $11bn P&ID awardThe Nation Newspaper BREAKING: Nigeria wins bid as UK court quashes $11bn P&ID award
Read more »
UPDATED: Nigeria wins bid as UK court quashes $11bn P&ID awardThe Nation Newspaper UPDATED: Nigeria wins bid as UK court quashes $11bn P&ID award
Read more »
DOWNLOAD: Full text of UK court judgement that gave Nigeria victory in $11bn P&ID caseNigeria's independent online newspaper
Read more »
BREAKING: Massive victory for Nigeria as UK court quashes $11bn P&ID awardNigeria's independent online newspaper
Read more »
‘Awards Obtained By Fraud’: Nigeria Wins $11bn P&ID CaseAccording to the judge, the awards against Nigeria by the company was obtained by fraud.
Read more »
$11bn P&ID debt: Great lesson for Nigerian govtShehu Sani, a former Kaduna Central senator, said the Process & Industry Development (P&ID) Limited judgement should serve as a big lesson to the Nigerian government.
Read more »