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
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.
