In a significant legal development, the Business and Property Court in London ruled in favor of Nigeria, bringing an end to the $11 billion lawsuit filed by Process & Industrial Developments (P&ID) Ltd against the federal government of Nigeria. The judgment was delivered by Judge Robin Knowles. This outcome marks a major victory for the Nigerian government, concluding a protracted legal battle with P&ID.
The case had revolved around a dispute over a gas supply and processing project in Nigeria, with P&ID seeking substantial compensation. The UK court's dismissal of the $11 billion claim underscores a significant legal win for Nigeria and signals a resolution to a long-standing legal conflict.
