The Federal Government said the legal victory over Process and Industrial Developments Limited (P&ID) in the 11.5 billion dollar case at a London court has freed Nigeria’s assets and its agencies around the world from the risks they were exposed to.

The Attorney-General of the Federation and Minister of Justice, LATEEF FAGBEMI, who disclosed this to newsmen at the State House, Abuja, also said P&ID’s fate before the court was not just a victory for Nigeria but a precedence against similar fraudulent targeting of others.

FAGBEMI noted that despite dragging the Nigerian government to court for an agreement it purportedly entered with the Ministry of Petroleum Resources to establish a gas processing plant in Calabar, P&ID never ever secured any land site.

The Minister also disclosed that there will be further hearings by the UK court on the heels of the judgment to determine costs payable by P&ID and others in the matters.