LAGOS, Aug 16 (Reuters) - A judge in London said on Friday he would grant a firm called Process and Industrial Developments Ltd (P&ID) the right to seek to seize some $9 billion in assets from the Nigerian government over an aborted gas project.
The company was awarded $6.6 billion in an arbitration decision over a failed project to build a gas processing plant in Calabar. With interest payments, the sum now tops $9 billion - some 20% of Nigeria’s foreign reserves
The judge’s decision, issued on Friday, converts the arbitration award to a legal judgement, which would allow P&ID to try to seize international assets. (Reporting by Libby George; Editing by Mark Potter)