P&ID $9bn judgment: Nigerians storm UK high commission in protest

P&ID $9bn judgment: Nigerians storm UK high commission in protest

Members of a group known as the Coalition of Civil Society Groups (CCSG) are currently at the UK high commission in Abuja to protest the $9 billion ju

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Members of a group known as the Coalition of Civil Society Groups (CCSG) are currently at the UK high commission in Abuja to protest the $9 billion judgement against Nigeria.

A British court had given P&ID, an Irish engineering company, the fiat to seize Nigerian assets worth $9 billion. This followed the non-execution of a 20-year gas and supply processing agreement (GSPA) P&ID had with the federal government.

The company said after spending several years preparing for the project, it collapsed because the Nigerian government did not build a pipeline or secure supply of gas as stipulated in the agreement. It then sought judicial remedy in 2012, and in 2017, it was awarded $6.6 billion in damages – of which interest rose to $9 billion.

At the UK high commission on Monday, the protesters were holding placards which read “Nigeria and Britain are friends NOT enemies”, “We stand with President Muhammadu Buhari Anti-Corruption crusade” and “Nigeria first, always and always” among others.