A London court has quashed an $11bn damage bill against Nigeria lodged by Process & Industrial Developments Limited Gas Company.
The bill charge was brought against Nigeria for a collapsed gas processing project in Cross River, Nigeria.
According to Reports, the court ruled that the gas processing project was procured with a bribe paid to Nigerian oil ministry officials.
In the judgment, Judge Robin Knowles pointed out that P&ID did not disclose the bribery when it proceeded to arbitration against Nigeria.
In a subsequent judgment issued on Thursday, he therefore declared that the damages should be nullified without delay, dismissing P&ID’s claim to return the case to arbitration.
Additionally, the court denied P&ID’s request for permission to appeal, thus terminating the case because the company is unable to request authorization from the Court of Appeal.
