UK Court Stays Execution Of $9.6bn Debt Against Nigeria
September 27, 2019
4:59 am
Reprieve came the way of Nigeria on Thursday as a UK Commercial Court granted a stay of execution of the 9.6 billion dollar judgment debt made against the country over a botched gas contract.
A statement on the court’s decision in London was made available to newsmen in Abuja by the office of the Minister of Information and Culture, Alhaji Lai Mohammed.
“Earlier today, the UK Commercial Court granted the Federal Government of Nigeria’s request for leave to appeal, enabling the Government to appeal the Court’s recognition of the UK Arbitration Tribunal in the UK Court of Appeal.…
