Nigeria Files Substantive Challenge Against P&ID

The Federal Government of Nigeria has finally filed a new substantive challenge against P&ID on the ongoing $9.6 billion case. “The Federal Republic of Nigeria today filed a new substantive charges in the English Courts, in its ongoing fight against the vulture-fund-backed P&ID. This is a major step forward in their bid to overturn the injustice of the $9.6 billion award,” the Minister of Justice, Abubakar Malami announced on Friday. An English court has earlier in August; awarded $9.6 billion to Process and Industrial Development Limited (P&ID), a ruling the Nigerian government decried as unjust and has been looking for … Continue reading Nigeria Files Substantive Challenge Against P&ID