{"id":69425,"date":"2019-09-26T18:26:30","date_gmt":"2019-09-26T17:26:30","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=69425"},"modified":"2019-09-26T18:26:30","modified_gmt":"2019-09-26T17:26:30","slug":"9-6bn-judgment-uk-court-grants-conditional-stay-of-execution","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/9-6bn-judgment-uk-court-grants-conditional-stay-of-execution\/","title":{"rendered":"$9.6bn Judgment: UK Court Grants Conditional Stay Of Execution"},"content":{"rendered":"<p class=\"m_4859168320435656403first\">A court in London, United Kingdom, on Thursday granted Nigeria\u2019s request to stay execution of the $9.6bn judgment it delivered in favour of Process and Industrial Developments earlier in August.<\/p>\n<p>Giving a condition for the new order, the court asked the Nigerian Government to deposit $200m into the court\u2019s account within 60 days for the stay of execution to take effect.<\/p>\n<p>Recall that the Irish firm was awarded the sum of $9.6bn in damages against Nigeria following a failed gas supply contract between the two parties.<\/p>\n<p>The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), while confirming the stay of execution, said, \u201cApplication for leave to appeal against the award and enforcement of the award is granted.\u201d<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A court in London, United Kingdom, on Thursday granted Nigeria\u2019s request to stay execution of the $9.6bn judgment it delivered in favour of Process and Industrial Developments earlier in August.&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":69426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-69425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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