Again P&ID Loss, As Uk Court Throws Out $11 Billion Damages Bill Against Nigeria

A London court has overturned a $11 billion damage claim that the gas company Process & Industrial Developments (P&ID) Limited made against Nigeria.

Nigeria was charged with a debt related to a failed gas processing facility in Cross River, Nigeria.

The court determined that the gas processing project was obtained by bribery of Nigerian oil ministry officials, as reported by Reuters.

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Judge Robin Knowles noted in the ruling that P&ID failed to reveal the bribes when it went to arbitration against Nigeria.

In a subsequent judgment issued on Thursday, he therefore declared that the damages should be nullified without delay, dismissing P&ID’s claim to return the case to arbitration.

Recall in October the High Court ruled that the contract procured by Process & Industrial Developments (P&ID) was through bribery and fraud.

The judgment was delivered by Judge Robin Knowles.

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Earlier this month, Judge Robin Knowles ordered Process & Industrial Developments Limited (P&ID) to pay Nigerian government £20 million in damages and compensation.

P&ID had filed for fresh arbitration to revive their claims against Nigeria for alleged breach of a 2010 gas supply agreement.

However, the High Court in London ruled that the arbitration could not proceed as long as the 2023 judgment remained in place.

The judge found that P&ID had paid bribes to Nigerian officials involved in the drafting of the gas supply and processing agreement (GSPA) in 2010.