UK court rules Nigeria can appeal $9.6b judgment

Share To Earn

The English Commercial Court has granted Nigeria’s application for leave to file an appeal against the award of $9.6billion to ab Irish firm, Process and Industrial Developments( P&ID).

Another application for a stay of execution of the award was still in progress.

P&ID secured the damages against Nigeria following a failed Gas Supply Project Agreement (GSPA) contract between it and the Federal Ministry of Petroleum Resources.

A brief by the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami(SAN) from London said: “Application for leave to appeal against the award and enforcement of the award is granted.

“Application for stay of execution is being considered.”

Leave your vote

5 points
Upvote Downvote

Share To Earn
READ ALSO  Order release of El-zakzaky to avoid more blood shed, Buhari urged
Updated: September 26, 2019 — 4:13 pm

7 Comments

  1. Can this be true ,then it will be a huge achievement for our country nigerian which may favor us at the appeal court

  2. hmm is a very nice idea just that it is costly , Nigeria should be careful on utilization of their money

  3. Can it really work in this our country, maybe it should be given a trial

  4. I know that there plan is to sake this country God, this is a very huge amount, how can this rulings look like.

  5. Uk court should please help us to recover our money this is a very huge amount we are talking about

  6. Well this is a welcome development if Nigeria will appeal it may favour Nigeria in the court of appeal.

  7. God, this is a very huge amount, how can this rulings look like….

Comments are closed.

PLS NOTE: You will earn ₦2 for each approved comment and you will loose ₦100 for each of your comment that violate our comment policy. To avoid violating any part of the comment policy, kindly read it by clicking HERE.

.