Log In

Judge Orders Nigeria To Deposit $200 Million Over Failed Contract With P&ID

Unic Press UK: A UK judge has granted the Nigerian government application for a stay in respect of a court ruling that the country should pay in excess of $9 billion for a breach of contract, the Reuters news agency reports.

In a ruling Thursday, the court said that the Nigerian government should, within 60 days, deposit the sum of $200 million to the court pending the determination of the case. The court also ruled that Nigeria should pay some money to P&ID to cover legal costs.

Process and Industrial Developments Ltd (P&ID), a UK-registered company with links to Dublin-based Industrial Consultants International had, in August 2019, secured a court judgement against Nigeria.

 

Tagged under

Leave a Reply

English Premier league table (live)

# Team MP W D L F A G P
1 Arsenal 1 1 0 0 3 0 +3 3
2 Leicester City 1 1 0 0 3 0 +3 3
3 Chelsea 1 1 0 0 3 1 +2 3
4 Newcastle United 1 1 0 0 2 0 +2 3
5 Wolverhampton Wanderers 1 1 0 0 2 0 +2 3
6 Liverpool 1 1 0 0 4 3 +1 3
7 Crystal Palace 1 1 0 0 1 0 +1 3