Energy. British Virgin Islands
Process and Industrial Developments Limited
P&ID held arbitral awards of US$6.6 billion plus 7% interest against NigeriaS1S2. With interest the sum exceeded US$11 billionS1S3. On 23 October 2023 the Commercial Court set the awards aside under section 68 of the Arbitration Act 1996S5. The UK Supreme Court records that he found the awards were obtained by fraudS2. The judgment finds payments in 2009 and 2010 were bribes paid on behalf of P&IDS1. The Court of Appeal records findings of false evidence and retained Nigerian legal documentsS6. P&ID denied briberyS3. The EFCC said in 2019 that two P&ID directors were convicted in NigeriaS4. Costs appeals ended on 22 October 2025S2.
- Also known as
- P&ID, Process & Industrial Developments Ltd
- Headquarters
- British Virgin Islands
- Records from
- United Kingdom, Nigeria
- Current status
- P&ID is a British Virgin Islands company. Its arbitral awards against Nigeria were set aside by the English Commercial Court on 23 October 2023 as obtained by fraudS1S2S5. Its appeals on the currency of the costs order were dismissed by the Court of Appeal and, on 22 October 2025, by the UK Supreme CourtS2. A bid by a lawyer for P&ID to appeal findings about him was refused on 10 June 2025S6. A Nigerian court ordered the company wound up in Nigeria in September 2019, per the EFCCS4.
Scope. This record covers P&ID and its dispute with the Federal Republic of Nigeria over a 2010 gas supply and processing agreement. It does not cover the lawyers, funders or officials involved, and it does not assess any individual.
Claims assessed
5 claims. Scores grade the evidence for each claim, not the organization.- Supported95The English Commercial Court set aside P&ID's arbitral awards against Nigeria on 23 October 2023, holding they were obtained by fraud.Press report, 23 October 20234 records citedFraud
- Supported89The Commercial Court found in October 2023 that P&ID's side gave knowingly false evidence in the arbitration, kept paying bribes during it and improperly retained Nigeria's internal legal documents.Court filing, 23 October 20235 records citedFraud
- Outdated96Arbitral awards required Nigeria to pay P&ID US$6.6 billion plus 7% interest, a liability reported to exceed US$11 billion.Press report, 23 October 20233 records citedCorporate status
- Contradicted91P&ID denied paying bribes and blamed the failure of the gas deal and Nigeria's arbitration loss on institutional incompetence.Press report, 23 October 20234 records citedBribery
- Supported65Nigeria's EFCC said on 19 September 2019 that the Federal High Court in Abuja convicted two P&ID directors on eleven counts and ordered P&ID wound up in Nigeria with its assets forfeited.Regulator statement, 19 September 20191 record citedFraud
Cases and proceedings
- The Federal Republic of Nigeria v Process and Industrial Developments LimitedHigh Court of Justice, Business and Property Courts of England and Wales, Commercial Court. Arbitration. CL-2019-000752 and CL-2018-000182, [2023] EWHC 2638 (Comm).Stage: Awards set aside. Costs appeals dismissedS2S5
- Federal Republic of Nigeria v. two P&ID directors and P&IDFederal High Court, Abuja. Criminal. Not published.Stage: Convictions on guilty pleas, per the EFCCS4
- Convictions and winding up and forfeiture orderS4
Responses on record
- Process and Industrial Developments Limited, 23 October 2023, on P&ID denied paying bribes and blamed the failure of the gas deal and Nigeria's arbitration...
P&ID denied the bribery allegations and blamed institutional incompetence, as reported by the Peoples Gazette.S3
Revision history
- Profile and 5 assessments first published. Records checked to 25 October 2026.
Source records
- S6Tier A The Federal Republic of Nigeria v Process and Industrial Developments Ltd & AnorCourt of Appeal of England and Wales (Civil Division), via The National Archives. Court judgment. 10 June 2025.[2025] EWCA Civ 715. Paragraph 2 summarises the 2023 findings on false evidence, bribes during the arbitration and retained legal documents. The application concerned findings about a lawyer who acted for P&ID.Link working, checked 25 October 2026
- S7Tier D Court of Appeal rejects appeal to remove critical findingsEssex Court Chambers. Academic paper. 10 June 2025.Chambers note reporting that the Court of Appeal refused permission to appeal findings about a lawyer for P&ID. It is not the judgment.Link working, checked 25 October 2026
- S2Tier A Process & Industrial Developments Limited (Appellant) v The Federal Republic of Nigeria (Respondent)UK Supreme Court. Court judgment. 22 October 2025.Records the awards, the set aside for fraud and the costs appeals. The appeal concerned only the currency of costs.Link working, checked 25 October 2026
- S5Tier A The Federal Republic of Nigeria -v- Process & Industrial Developments LimitedJudiciary of England and Wales. Court judgment. 23 October 2023.Judgment page giving the date, judge, citation and claim numbers. It holds no findings in the text read.Link working, checked 25 October 2026
- S4Tier A Court Convicts Two P&ID Directors for Fraud, Wind up Company...Assets forfeited to FGEconomic and Financial Crimes Commission, Nigeria. Regulator press release. 19 September 2019.Prosecutor's account of the 2019 convictions and orders. It is not the court order and gives no sentences.
- S3Tier C UK court overturns $11 billion damages bill for collapsed gas deal against NigeriaPeoples Gazette (Olumayowa Samuel, citing Reuters). Press report. 23 October 2023.Reports the ruling, the judge's words and P&ID's denial. It is not a court record.Link working, checked 25 October 2026
- S1Tier A The Federal Republic of Nigeria v Process & Industrial Developments Limited [2023] EWHC 2638 (Comm)High Court of Justice, Commercial Court, via The National Archives. Court judgment. 23 October 2023.Supports the award amount and the findings on bribes at paragraphs 10, 40, 170 and 177. The conclusion section could not be retrieved in the text read for this review.Link working, checked 25 October 2026