P&ID: Court awards £20m damages in favour of Nigeria

It was yet another legal victory for Nigeria yesterday as a UK court directed Process & Industrial Developments (P&ID) to pay her £20 million in damages and compensation following Nigeria’s victory in an $11 billion judgment debt.

The court rejected P&ID’s appeal, citing reprehensible conduct.

The £20 million must be paid within 28 days.

In October, the UK court upheld Nigeria’s claim that the gas processing contract was obtained by fraud, freeing the country from the $11 billion judgment debt.

The court’s latest ruling enforces the payment, denying P&ID’s request for an appeal on the currency.

Nigeria had sought at least £20 million to cover damages and legal fees.

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Nigeria sought at least £20 million back from P&ID to cover its damages and legal fees.

In October, Nigeria received great relief as the UK court set the country from its entanglement in the $11bn judgment debt previously awarded in favour of P&ID Limited.

In a judgment delivered by Justice Robin Knowles of the Commercial Courts of England and Wales, in the case between the Federal Government of Nigeria and P&ID, the court had upheld Nigeria’s prayer that the gas processing contract was obtained by fraud.

In the judgment delivered after five years of legal battle, Judge Knowles had 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 awards were and the way in which they were procured was contrary to public policy.