Saturday September 26, 2020

Nigeria can appeal €8.8bn judgement over collapsed gas deal with Irish-led firm

Process and Industrial Developments says it welcomes the chance to ‘refute Nigeria’s false allegations and wild conspiracy theories at trial’ and will continue to pursue enforcement of the award

Daniel Murray

Business Reporter

@danieltmurray
8th September, 2020
Process and Industrial Developments took the Nigerian government to court following the collapse of a deal to construct a major gas-processing facility there. Picture: Getty

The Nigerian state has been given leave to appeal an €8.8 billion judgement made against it over a collapsed gas deal with an Irish-led engineering company.

In 2010 a 20-year deal to construct a major gas-processing facility by Process and Industrial Developments (P&ID) collapsed, leaving the underlying contract with the Nigerian state unfulfilled. P&ID is an international engineering company founded by Irish businessmen Brendan Cahill and the late Irish showband manager Michael Quinn....

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