After Buhari’s UN outburst over $9.6bn judgment, UK court grants Nigeria’s leave to appeal
London, Sep 26, 2019 (AltAfrica)-A United Kingdom Commercial and Arbitration Court on Thursday granted Nigeria’s government leave to appeal against the award and enforcement of the judgment that asked Process and Industrial Developments Limited, P&ID, to seize $9.6bn in Nigerian assets.
Application for stay of execution is currently being considered.
Nigeria’s Attorney General of the Federation and Minister of Justice, Abubakar Malami, who is the leader of the Nigerian legal team in London, confirmed the development.
President Buhari had told world leaders at the the ongoing 74th Session of the United Nations General Assembly in New York that the P&ID case was a scam
“The present Nigerian government is facing the challenges of corruption head-on. We are giving notice to international criminal groups by the vigorous prosecution of the P&ID scam attempting to cheat Nigeria of billions of dollars.”
He also stressed that his administration would sustain its anti-corruption fight. Buhari cited the Federal Government’s prosecution of Process and Industrial Development over the controversial $9.6bn judgment it obtained from a London court against Nigeria as an example of “a scam.