Protest at British High Commission over $9bn judgement against Nigeria

A combination of Nigerian civil society groups is protesting at the British High Commission, Abuja, over the award of $9.6 billion to Process and Industrial Development (P&ID) Ltd.

The CSOs in a report by its President, Etuk Bassey, explained the judgment as a “travesty to justice, disrespect to the sovereignty of the Nigerian government.”

In 2010, FG started a deal with P&ID to create a gas processing plant in Calabar, Cross River State.

However, the deal failed because Nigeria did not meet its end of the bargain.

On August 16, 2019, a British court granted P&ID the go-ahead to seize Nigerian assets worth $9 billion after it sued the country into the court of law.

The Federal government of Nigeria declared it is working to ensure that none of the country’s assets is seized as ordered.

Leave a Reply

Your email address will not be published. Required fields are marked *

Man kidnapped by fellow Nigerians in Malaysia after refusing to share US$49,000 proceeds from Love Scam

Four injured as two BRT buses collide in Lagos