Nigeria wins bid as UK court quashes $11bn P&ID award

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 had happened in the case was contrary to public policy.

The court also declared that it did not find any merit in the charges of bribery levelled against a former Attorney-General of Lagos State, Mr Olasupo Shasore, SAN, who represented Nigeria in the arbitration.