How Ex-CBN Gov, Emefiele Saved Billions Of Dollars For Nigeria – Aondoakaa

Aondoakaa noted that the billions saved would have been paid as arbitral awards to a foreign company, Process and Industrial Developments (P&ID).

Recall that P&ID had said the contract to build a gas processing plant in Calabar, Cross River, failed because the Nigerian government breached the terms of the contract. It secured an arbitral award of $6.6 billion against Nigeria, as well as pre-and post-judgment interest at seven percent, which accumulated to $11 billion.

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