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$9.6bn P&ID cash: FG tweaks legal team, moves to quash contract, award

Published by Vanguard on Wed, 20 Nov 2019


Soni DanielAbujaAs the return date for its appeal against $9.6 billion awards to a shadowy British Virgin Island firm-Process and International Development Limited (P&ID) at the British Appeal Court draws nearer, the Federal Government says it has tweaked its legal team with local and international experts with a view to setting aside the entire scandalous contract and the huge cash awarded the firm by the English Commercial and Arbitration Court.The Appeal Court, which had in October granted a stay of execution of the humongous $9.6 billion fine over the failed gas processing and supply contract against Nigeria, is due to hear the appeal by Nigeria to quash the award based on its argument that the entire contract was a scam deliberately orchestrated by P$ID and some local collaborators to inflict financial and economic loss on the country.Continue reading $9.6bn P&ID cash: FG tweaks legal team, moves to quash contract, award at Vanguard News.
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