Nigeria Again Targets Asset Manager In $10B Award Fight

Law360 (January 11, 2021, 9:59 PM EST) -- Nigeria has opened another front in its bid to prove that a $10 billion arbitral award against it relating to a failed natural gas processing deal was connected to an alleged bribery scheme, this time seeking evidence it says is needed to have the award set aside in England.

The west African nation told a New York federal court that it's trying to combat Process and Industrial Developments Ltd.'s alleged efforts to sweep its fraudulent activities under the rug — despite an English court's ruling last year that Nigeria could pursue allegations that the award was based on and procured through...

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