BREAKING: British court gives P&ID go-ahead to seize Nigerian assets worth $9bn
A British court has given Process and Industrial Development Limited (P&ID) the go-ahead to seize Nigerian assets worth $9 billion.
P&ID got a judgement in its favour in London on Friday.
The case in contention is a 2010 deal agreement to build a gas processing plant in Calabar which collapsed because Nigeria did not meet its end of the bargain. (The Cable)