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Nigeria Piles on Fraud Claims Ahead of $11 Billion Dollar Trial

  • Government introduced new allegations over soured gas deal
  • P&ID accuses Nigeria of avoiding legal obligation to pay award

Nigeria has leveled fresh claims of fraud against a little-known offshore firm that won an $11 billion arbitration award as it ramped up the pressure ahead of one of the biggest London trials to take place next year.

The West African country will try to overturn the penalty by proving that Process & Industrial Developments Ltd. secured a gas-supply contract and the subsequent arbitration victory through bribes and lies. A tribunal granted the company the damages in early 2017 after finding that the government had breached the original agreement.