The Federal Government of Nigeria has won the legal case against Process & Industrial Developments (P&ID) Limited in a London court on Monday, October 23, 2023.
The judgment was delivered after 5 years of legal frameworks which have finally been to the advantage of Nigeria, as the court quashed the $11 billion arbitration award in favour of P&ID.
In a ruling delivered by e-mail, Robin Knowles, the Justice of the Commercial Courts of England & Wales, upheld Nigeria’s prayer on the ground that the ill-fated gas processing contract was obtained by fraud.
The Business & Property Court in London delivered the judgment in a case between the Federal Government of Nigeria & Process & Industrial Developments (P&ID) Limited.
This ruling came after the CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, urged the bid winners for the Nigerian Gas Flare Commercialisation Programme (NGFCP), to hasten site development.
