UK court grants Federal Government leave to appeal nine-point-six billion dollars Judgement
Written by Taiwo Adediran on September 26, 2019
A United Kingdom court has granted the Federal Government leave to appeal the judgment that asked Process and Industrial Developments (P&ID) Limited to seize nine-point-six billion dollars in Nigerian assets. The 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.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami disclosed this in a brief from London today. Application for stay of execution is currently being considered.