President Bola Ahmed Tinubu has praised Judge Robin Knowles of the Business and Property Court in London for awarding the Federal Government of Nigeria a landmark win over a company called Process & Industry Development (P&ID) Limited on Monday.

On the grounds that the award was gained through deceit, Judge Knowles dismissed the $11.5 billion (USD) verdict plus accumulated interest earlier received by P&ID over a failed 2010 proposal to allegedly develop a gas processing plant.

The president, in a statement by his spokesman, Ajuri Ngelale, commended the UK Court for prioritizing the merits of the case above all other considerations.

“This landmark judgment proves conclusively that nation states will no longer be held hostage by economic conspiracies between private firms and solitarily corrupt officials who conspire to extort and indebt the very nations they swear to defend and protect.

“Today’s victory is not for Nigeria alone. It is a victory for our long exploited continent and for the developing world at large, which has for too long been on the receiving end of unjust economic malpractice and overt exploitation.

“Nigeria is appreciative of the tremendous efforts of the defense team and acknowledges the role of the Federal Ministry of Justice and the Office of the Attorney-General in the process of defending Nigeria’s interest in this case,” the President stated.



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