The Process and Industrial Development Limited has disclosed that the Federal Government of Nigeria must meet the deadlines for the payment of $200 million security deposit and 250,000 that was awarded by a London Court on the 26th of September.
Despite efforts by the Governments efforts to appeal against the ruling last week requiring a security deposit citing the payment conditions as a pay of execution of the $9.6 billion awards in favour of P & ID.
P & ID has been awarded the sum of $9.6 billion sum from a legal judgement that Nigeria is to pay for failing to secure their end of a contract that was duly signed by a government official.