Nigeria was the victim of “a campaign of bribery and deception” over a collapsed gas processing project, its lawyers told London’s High Court on Monday, as the country’s appeal against an $11bn damages bill got underway.
Reuters reported that a London arbitration tribunal in 2017 awarded $6.6bn in damages to Process & Industrial Developments, a little-known British Virgin Islands-based company, for lost profits related to the failed project.
The West African country alleges that the 20-year contract awarded to P&ID in 2010 was procured by bribes paid to senior officials at its Ministry of Petroleum Resources. At the start of an eight-week trial, Mark Howard, representing Nigeria, told London’s High Court that P&ID obtained its contract “by telling repeated lies and paying bribes to officials”, and then “corrupted” Nigeria’s lawyers to obtain confidential documents during the arbitration.
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