Nigeria escapes $11bn payment to Irish gas firm in court battle ...News

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Nigeria escapes $11bn payment to Irish gas firm in court battle
President Bola Tinubu describes the ruling as a victory for Africa against unjust economic practices Nigeria has won a landmark case in a British court, overturning an $11.5 billion damages bill for a collapsed gas project involving the Irish-owned firm Process & Industrial Developments (P&ID). London's Commercial Court, in its ruling on Monday, upheld the West African country’s claim that the deal was obtained through fraudulent means. The Nigerian government had previously been ordered to pay the sum in a settlement to P&ID, which is based in the British Virgin Islands. However, the court’s Justice Robin Knowle

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