Immediate past President Muhammadu Buhari says the country would have lost $15bn if it did not win the case with Process & Industrial Development (P&ID) on 23 October.
He said this in an article he shared on his X handle on Sunday, days after Nigerian won the case.
“Rarely in modern times can so few have tried to take so much from so many. If Nigeria had lost its arbitration dispute with Process & Industrial Development in a London court on 23 October, it would have cost our people close to USD 15 billion,” he said in the article captioned, “A Matter of Principle”.
“We won, and all decent people can sleep easier as a result. Justice Robin Knowles said Nigeria had been the victim of a monstrous fraud. But it was a close-run thing. As the judge said: “I end the case acutely conscious of how readily the outcome could have been different, and of the enormous resources ultimately required from Nigeria as the successful party to make good its challenge.”
