Politics
Nigeria Government Secures £20 Million Compensation As P&ID Loses Judgment Debt Case (See Details)
Following its success in a $11 billion judgment debt case in October 2023, a United Kingdom court has ordered Process & Industrial Developments (P&ID) Limited to pay Nigeria £20 million in damages and compensation. The court directed that the funds be transferred to Nigeria within the next 28 days….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

This £20 million damages award was disclosed during a subsequent ruling in London, which aimed to clarify the aftermath of the October judgment. The court also considered whether P&ID would be granted permission to appeal the decision; however, the court denied P&ID’s request to remand the case to arbitration. The court argued that the company’s conduct throughout the process was egregious, leading to the judgment.
In the initial lawsuit between the Federal Government of Nigeria and P&ID, Justice Robin Knowles of the Commercial Courts of England and Wales affirmed Nigeria’s claim that the gas processing contract had been obtained through fraudulent means. In the judgment, delivered after five years of legal battles, Judge Knowles stated, “Nigeria succeeds on its challenge under section 68. I have not accepted all of Nigeria’s allegations. But the awards were obtained by fraud and the way they were procured was contrary to public policy.”
Recalling that P&ID was contracted by Nigeria in 2010 to construct a gas processing plant in Calabar, Cross River State, the deal fell apart due to the Nigerian government’s failure to fulfill its obligations.
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