A court in the United Kingdom has ordered Process & Industrial Developments (P&ID) Limited to pay Nigeria £20 million in damages and compensation following its victory in a $11 billion judgment debt heard in October 2023.
The court ordered that the money be given to Nigeria within the next 28 days.
The award of £20 million in damages was revealed during a subsequent ruling on the subject in London to determine what happened after the October ruling.
According to reports, the hearing was also held to determine whether P
He maintained that the company’s conduct in the procedure was abominable, hence the sentence.
Nigeria had taken legal action P
In the lawsuit between the Federal Government of Nigeria and P
In the judgment delivered after five years of legal battle, Judge Knowles said: “In the circumstances and the reasons I have sought to describe and explain, 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.”
Remember that P.