In a significant legal victory for Nigeria, the United Kingdom Court of Appeal has ruled that Process and Industrial Developments Limited (P&ID) must pay the country’s legal costs associated with their failed gas processing contract dispute, and crucially, those costs must be paid in British Pounds Sterling (GBP).
This was contained in a statement by the Special Assistant to the President on Communications and Publicity, Office of the AGF, Kamarudeen Ogundele, on Friday.
Ogundele stated that the AGF lauded the U.K Appellate Court’s decision that rejected P&ID’s request to pay the judgment cost in Naira which would have reduced the legal cost by a wide margin.
