The firm had on August 16, 2019, obtained a judgment of the English court permitting it to commence the enforcement of the $9.6bn arbitral award. A hearing in respect of the Federal Government’s case challenging the judgment came up before the English court on Friday. But the P&ID said on Sunday that the English court delivered a ruling in its favour and against Nigeria. “Nigeria’s defeat in court comes after the English Court of Appeal on Monday rejected Nigeria’s attempts to delay its appeal by including claims of fraud. A former Nigerian official and other foreigners are currently standing trial in respect of alleged fraud relating to the controversial agreement leading to the $9.6bn award.

Source: Punch January 27, 2020 00:00 UTC