LAGOS, Aug 16 (Reuters) - A judge in London said on Friday
he would grant a firm called Process and Industrial Developments
Ltd (P&ID) the right to seek to seize some $9 billion in assets
from the Nigerian government over an aborted gas project.
The company was awarded $6.6 billion in an arbitration
decision over a failed project to build a gas processing plant
in Calabar. With interest payments, the sum now tops $9 billion
- some 20% of Nigeria's foreign reserves
The judge's decision, issued on Friday, converts the
arbitration award to a legal judgement, which would allow P&ID
to try to seize international assets.