Financial Crime Financial Crime

P&ID loses grip on $200 million security guarantee in Nigeria arbitration case

By Annie Robertson
  • 29 Sep 2020 11:59
  • 29 Sep 2020 11:59
Engineering company Process & Industrial Developments has suffered a setback in its battle with Nigeria over a $10 billion arbitration case as a London court ordered the release of the country's $200 million security guarantee.
The Nigerian government had deposited the money last November to put a stay on asset

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