Accelerated Gas Development News Today

On 23 October 2023, the English Commercial Court published its much-anticipated judgment in The Federal Republic of Nigeria v Process & Industrial Developments Limited [2023] EWHC 2638...

In The Federal Republic of Nigeria v Process & Industrial Developments Limited [2023] EWHC 2638 (Comm) the Commercial Court determined that arbitration awards against Nigeria had been...

The English Court has upheld a challenge to an US$11 billion arbitration award against Nigeria on grounds that it was obtained fraudulently and “only by practising the most severe...

For years, during the litigation in the United Kingdom, the Nigerian government and its lawyers accused Mr Shasore of not pursuing the...

Abuja has now avoided paying a sum so vast that it is material to Nigerias entire federal budget.

“This case has, sadly, brought together a combination of examples of what some individuals will do for money,” the UK court ruled.

EFCC also established that a now-deceased petroleum minister broke the law by signing the contract without proper approvals and protocol.

The Federal Government has won its case against Process & Industrial Developments (P&ID) Limited, which sought enforcement of $11 billion debt in its favour. The development comes after five years of intense legal battle. A UK court on Monday quashed the enforcement of the judgment on the grounds that it was fraudulently obtained. In a…

The UK court upheld Nigeria’s prayer on the ground that the ill-fated gas processing contract was obtained by fraud.

A Business and Property Court in London presided over by Justice Robin Knowles of the Commercial Courts of England and Wales has quashed the 11 billion dollars awarded against Nigeria in a case filed by the Process and Industrial Developments Company, (P&ID). Judge Knowles held that the award was obtained by fraud and that what