Citing Fraud, English Court Sets Aside $11B Gas Supply Award Against Nigeria

(January 2, 2024, 11:07 AM EST) -- LONDON — An English judge set aside an arbitral award worth more than $11 billion against the Federal Republic of Nigeria and denied leave to appeal to an Irish-owned company that the court in a previous ruling said had won the award through “abuses of the arbitral process,” including fraud and bribery, after commencing arbitration over a thwarted gas supply contract entered into in 2010....