News Formal

BVI-based company owed $11 billion by Nigeria rejects lying, bribery allegations

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Lawyers representing a British Virgin Islands-based company owed $11 billion by Nigeria over a collapsed gas processing project on Tuesday rejected Nigerian allegations that it bribed senior officials to obtain a lucrative contract.

an award to Process & Industrial Developments of billions of dollars in damages that was made by a London arbitration tribunal in 2017.

Two years later, P&ID was awarded $6.6 billion for lost profits, a sum which has since swelled with interest to just over $11 billion, which represents around 30% of Nigeria's foreign exchange reserves.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 31. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Business Maverick: Hedge Fund-Backed Firm Fights Nigeria for $11 Billion PayoutNigeria cooked up fictitious allegations in a politically motivated campaign to dodge a massive $11 billion arbitration award, a hedge-fund backed firm claimed at a London trial over the legality of the disputed payout.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »