
UK court opens way for $9bn claim against Nigeria
British judge on Friday gave the green light for a tiny private firm to seize more than $9 billion in assets from the Nigerian government over a failed natural gas deal.
The amount represents one-fifth of the foreign reserves held by Africa’s largest economy.
The decade-long dispute pits an unheralded firm founded by two Irish business partners against an energy-rich but a politically-troubled nation of 200 million people.
The 2010 deal between the Process and Industrial Developments Limited (P&ID) company — widely reported to be registered in the British Virgin Islands — and the Nigerian government was meant to be …















