{"id":9605,"date":"2023-10-23T14:22:59","date_gmt":"2023-10-23T14:22:59","guid":{"rendered":"https:\/\/qiraatafrican.com\/en\/?p=9605"},"modified":"2023-10-23T14:22:59","modified_gmt":"2023-10-23T14:22:59","slug":"nigeria-wins-as-uk-court-dismisses-11-billion-pid-suit","status":"publish","type":"post","link":"https:\/\/qiraatafrican.com\/en\/9605\/nigeria-wins-as-uk-court-dismisses-11-billion-pid-suit\/","title":{"rendered":"Nigeria wins as UK court dismisses $11 billion P&#038;ID suit"},"content":{"rendered":"<p><span style=\"color: #000000;\">Nigeria has won its bid to overturn a $11 billion damages bill involving the controversial<a style=\"color: #000000;\" href=\"https:\/\/pandidfacts.com\/about-pid\/#:~:text=Process%20and%20Industrial%20Developments%20Limited,management%20and%20execution%20in%20Nigeria.\" target=\"_blank\" rel=\"noopener\">Process &amp; Industrial Developments (P&amp;ID<\/a><a style=\"color: #000000;\" href=\"https:\/\/pandidfacts.com\/about-pid\/#:~:text=Process%20and%20Industrial%20Developments%20Limited,management%20and%20execution%20in%20Nigeria.\" target=\"_blank\" rel=\"noopener\">)<\/a>deal.<\/span><\/p>\n<p>Nigeria claims that the collapsed gas processing project was procured by a campaign of bribery and fraud.<\/p>\n<p>Nigeria has now succeeded in halting the enforcement of the $11 billion arbitration award in favour of P&amp;ID.<\/p>\n<p>In a judgment Monday, a UK court upheld Nigeria\u2019s prayer on the ground that the ill-fated gas processing contract was obtained by fraud.<\/p>\n<p>Process &amp; Industrial Developments (P&amp;ID) was awarded a 20-year contract in 2010 to construct and operate a gas processing plant.<\/p>\n<p>Upon the failure of the deal, the little-known British Virgin Islands-based company took Nigeria to arbitration over the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria has won its bid to overturn a $11 billion damages bill involving the controversialProcess &amp; Industrial Developments (P&amp;ID)deal. Nigeria claims that the collapsed gas processing project was procured by a campaign of bribery and fraud. Nigeria has now succeeded in halting the enforcement of the $11 billion arbitration award in favour of P&amp;ID. In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9359,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":8,"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"Reuters + Premium Times","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"0","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"0","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":[],"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[32,27],"tags":[175,1630],"class_list":["post-9605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-west-africa","tag-nigeria","tag-uk-court"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/9605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=9605"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/9605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/9359"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=9605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=9605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=9605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}