A Court of Appeal in the United Kingdom (UK) has dismissed the appeal of Process & Industrial Development (P&ID) on a previous judgment halting the enforcement of its $11 billion award against Nigeria.

In a unanimous decision, the Lead Judge, Lord Justice Snowden, permitted P&ID to appeal the judgment but dismissed the appeal.

In a copy of the judgment published on the UK judiciary website, one of the issues raised in the P&ID appeal bordered on whether the lower court was wrong to order the £43 million legal cost be paid in British Pound Sterling and not in Naira.

Snowden, the lead judge, accepted the arguments of Nigeria that since the legal cost was paid in Sterling, the cost order should be paid in the same currency.

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