Nigerian govt files fresh charges against P&ID

The federal government on Friday said it has filed fresh charges in UK courts in its ongoing effort to bring the Process & Industrial Development (P&ID) ”to justice” over the $9.6 billion contract.

“The Federal Republic of Nigeria today filed new and substantive charges in the English Courts, in its ongoing fight against the vulture-fund-backed P&ID. This is a major step forward in their bid to overturn the injustice of the US$9.6 billion award,” a minister said.

The new charges, the Attorney General of the Federation and Minister of Justice, Abubakar Malami, said, will challenge both the underlying arbitral award and its enforcement, while lodging a fresh appeal against the subsequent High Court judgment.

He did not give further details on the make-up of the new charges…

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