A British judge on Friday gave the green light for a private firm to seize more than $9 billion in assets from the Nigerian government over a failed natural gas deal.
The 20-year agreement would see P&ID “build a state-of-the-art gas processing plant to refine natural gas… Nigeria would receive free of charge to power its national electric grid,” according to the P&ID website. The Nigerian government’s legal team argued that English courts did not have the jurisdiction to settle the dispute.But Justice Christopher Butcher of the Commercial Court in London ruled on Friday that he was “prepared to make an order enforcing the final award”.
Source: Law Daily Report (lawdailyreport.net)
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