Recap: Nigeria Secures Landmark Victory In UK Court

A judge of the Business and Property Courts of England and Wales, Ross Cranston, has granted Nigeria’s application for an extension of time and relief from sanctions. The decision follows the Federal Government's efforts to overturn a $10 billion judgment awarded against it in a case against Process and Industrial Developments (P&ID). On January 31st, 2017, a tribunal had ruled that Nigeria should pay P&ID $6.6 billion as damages, as well as pre- and post-judgment interest at seven percent. Find this story and others in this edition of The News In Two Minutes. Two Minutes gives you a rundown of the most important news for the day. Don't forget to subscribe: https://bit.ly/2Hb8hjx Watch more interesting videos: https://bit.ly/34ogCaw Follow Channels Television On: Facebook: https://www.facebook.com/channelsforum/ Twitter: https://twitter.com/channelstv Instagram: https://www.instagram.com/channelstel... Get more news on our website: https://www.channelstv.com/ #ChannelsTv