P&ID

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One of the only ways to overturn the award now worth more than $9 billion is to prove fraud or corruption in the foundation of the contract, legal experts said. Photograph: iStock

Lawyers for the Nigerian government on Friday filed “new and substantive” allegations of fraud with a British court in its ongoing fight against an ar(...)

The judge granted Nigeria’s request for a stay on any asset seizures while its legal challenge is pending. Photograph: iStock

An Irish-backed company says the Nigerian government will have to “put its money where its mouth is if it wants to avoid immediate seizure of assets”.(...)

Nigeria is embroiled in a fight with Process & Industrial Developments (P&ID), which was founded by Irish investors Michael Quinn and Brendan Cahill, over a failed 2010 deal to develop a gas processing plant. Photograph: iStock

Irish authorities and AIB are being drawn into a high-profile international legal dispute between Nigeria and a company founded by Irish investors tha(...)

Lawyers representing the Nigerian government argued the award should not be enforced because England was not the correct place for the case. Photograph: iStock

A judge in London said on Friday he would grant an Irish-owned company the right to seek to seize some $9 billion (€8.1 billion) in assets from the Ni(...)