A lawyer representing P&ID said the firm intended to “begin the process of seizing Nigerian assets in order to satisfy this award as soon as possible.” Nigeria BritishFirm LawSuit
A British judge on Friday gave the green light for a tiny private firm to seize more than $9 billion in assets from the Nigerian government over a failed natural gas deal.
It provided for P&ID to “build a state-of-the-art gas processing plant to refine natural gas… (that) Nigeria would receive free of charge to power its national electric grid,” according to the company’s website.
It sued Nigerian government for breaching the agreement by failing to provide the gas — or install the promised pipelines.
The government’s legal team countered that English courts did not have the jurisdiction to settle the dispute.
But P&ID insisted that it was up to the English arbitration tribunal to decide where the case should be heard — and who should issue the final ruling.
“I will receive submissions from the parties as to the precise form of order appropriate.Read more: The Guardian Nigeria
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