Nigerian Government to Pay Pramod Mittal's Company $500 Million in Contract Dispute Settlement

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Billionaire Lakshmi Mittal's younger brother, Pramod Mittal, is receiving financial assistance from the Nigerian government to settle a contract dispute. The government has agreed to pay his company, Global Steel Holdings Ltd., nearly $500 million. Pramod Mittal has a history of abandoned factories and unpaid debts. This settlement provides a possible way out of his financial distress.