After 13 years since the failed gas processing plant deal in Calabar, a judge has ruled that Nigeria is the victor in the $11 billion arbitration case against P&ID.
Justice Robin Knowles of the Commercial Courts of England and Wales, UK, has ruled in favor of Nigeria in the enforcement of an $11 billion arbitration award against Process & Industrial Developments (P&ID) Limited. In January 2010, P&ID signed a Gas Supply and Processing Agreement (GSPA) with Nigeria to establish a processing plant in Calabar,…









