Counsel to the company ,Andrew Stafford Q.C said yesterday in London that Judge Christopher Butcher “ruled decisively in P&ID’s favour and has comprehensively rejected Nigeria’s efforts to avoid payment of this award of over $9.6 billion.”
The $9billion – almost 2.5% of Nigeria’s annual gross domestic product – is about the largest financial liability in the country’s history.
Source: News Formal (newsformal.com)
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