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After over five years of legal fireworks, Nigeria has finally succeeded in halting the enforcement of the $11 billion arbitration award in favour of P&ID.
He wrote: “I congratulate our dear nation, Nigeria, especially the legal team that handled the major judiciary victory recorded at the United Kingdom Court on Monday in the case against Process & Industrial Developments (P&ID) Limited.
Indeed, if P&ID dreaded anything, it was the EFCC team that Magu set up.
Source: https://blueprint.ng/pids-11-5bn-case-pacifying-the-villains-and-neglecting-the-heroes/
Lawyers representing the federal government told the court that P&ID officials paid bribes to secure the contract.
P&ID claimed Nigeria violated terms of its agreement by failing to provide gas for the power plant it wanted to build for the country.
Source: https://thenationonlineng.net/updated-nigeria-wins-bid-as-uk-court-quashes-11bn-pid-award/
The contract and incidental judgment in the Process & Industrial Developments (P&ID) were inherited by the Buhari administration.