Presidency welcomes UK court judgement on P&ID

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The Presidency has welcomed the judgment by the UK Court granting Nigeria’s application for an extension of time and relief from sanctions in a $10 billion arbitration case with Process and Industrious Development Limited (P&ID) in Nigeria.

According to a statement issued in Abuja by Garba Shehu, Senior Special Assistant to the President (Media & Publicity), which disclosed this, the judgment has provided sufficient grounds for the Federal Government to go ahead and challenge the frauds perpetrated by the company and overturn the arbitration award.

The statement said: “In our view, the judgment is right, just and provides a strong prima facie case that the fraudulent gas deal with P&ID…



Source: Nigerian Tribune