Politics

BREAKING: A UK Court Awarded £20 Million In Damages And Compensation In The Long-running $11 Billion P & ID Case

A UK court has directed Process & Industrial Developments (P&ID) to pay Nigeria £20 million in damages and compensation following Nigeria’s victory in an $11 billion judgment debt.

The court rejected P&ID’s appeal, citing reprehensible conduct.

The £20 million must be paid within 28 days.

In October, the UK court upheld Nigeria’s claim that the gas processing contract was obtained by fraud, freeing the country from the $11 billion judgment debt.

The court’s latest ruling enforces the payment, denying P&ID’s request for an appeal on the currency.

Nigeria had sought at least £20 million to cover damages and legal fees.