FG Pays P&ID £250,000 Cost Ordered By UK Court

The Federal Government has paid the sum of £250,000 to Process and Industrial Developments Limited (P&ID) as running cost, following an order of the Commercial Court in London in September.
Justice Christopher Butcher gave the order on September 26 with a 14-day ultimatum to the Nigerian government, a deadline that expired on Thursday.
The government has appealed against the order of the same court, which asked that a $200 million security payment be made into its account within 60 days, as a condition for a stay of execution of the $9.6 billion judgment after granting the country leave to appeal the judgment.
Meanwhile, the Nigerian Government, through the Minister of Information and Culture, Lai Mohammed, has insisted that the P&ID contract was fraudulent.

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