The Process and Industrial Development (P&ID) has lost its final appeal against Nigeria in an eleven-billion-dollar arbitration case. The P&ID sought to overturn an October judgement by a London High Court that halted the enforcement for damages over a failed gas processing project, reports AFP. The High Court had earlier ruled in Octo...
A London Commercial Court presided over by Mr. Justice Robin Knowles has ordered Process & Industrial Developments Limited (P&ID) to pay £20million Interim Cost to Nigeria in respect of the ongoing case of alleged breach of a 2010 gas supply contract. The Honourable Attorney General of the Federation, Prince Lateef Olasunkanmi Fagbem...
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