Region: Nigeria
P&ID costs ruling reveals Nigeria’s legal bill
The Court of Appeal in London has dismissed an appeal of a costs order issued after an US$11 billion award against Nigeria was overturned, revealing that the state spent £43 million on legal fees in the dispute.
17 July 2024
French court rejects corruption challenge in Cameroon food venture dispute
A French court has rejected a Cameroonian businessman’s attempt to set aside an ICC award in favour of a Spanish food group based on allegations it terminated their partnership to benefit from corrupt links with Nigerian officials.
25 June 2024
Chinese investor seizes Nigerian state properties in UK
A Chinese investor seeking to enforce a US$70 million investment treaty award against Nigeria has been granted final charging orders over two UK residential properties owned by the state – having also attached a £20 million debt relating to the high-profile P&ID case.
21 June 2024
Gateley hires Africa practice head
Perenami Momodu has left the partnership at West African firm Aelex to lead the African international arbitration practice at UK firm Gateley.
09 February 2024
Nigeria declares end to mega-award saga after UK appeal denied
A London judge has refused permission to appeal his earlier ruling that an US$11 billion award against Nigeria was obtained by fraud – which the state says brings a “final end” to one of the most high-profile disputes in the field of arbitration.
21 December 2023
Arbitrators won’t get second look at Nigeria award after fraud ruling
After ruling that an US$11 billion award against Nigeria was obtained by fraud, a judge in London has decided it should be set aside rather than remitted to the arbitrators for reconsideration.
08 December 2023
Eni agrees to suspend ICSID claim against Nigeria
Eni says it has agreed to suspend an ICSID claim against Nigeria after the state announced it would withdraw civil claims worth US$1.1 billion in which it accused the Italian energy company of corruptly acquiring an oilfield licence.
21 November 2023
“A miasma of dishonesty”: Hoffmann’s comments on Nigeria case
Following the set-aside of a US$11 billion award against Nigeria, Lord Hoffmann – who chaired the tribunal – has stood by comments he made earlier this year, reflecting on “the great miasma of dishonesty” that can exist in the background of a case of which arbitrators are “unaware”.
27 October 2023
Nigeria's counsel cleared of corruption in mega-case
Nigerian senior advocate Olasupo Shasore, who was accused by his country of accepting bribes to deliberately under-perform as lead counsel in its arbitration with P&ID, has been cleared of corruption by the Commercial Court in London.
27 October 2023