Nigeria’s recent extension of its continental shelf, as approved by the United Nations, has significant implications for the country. The extension means that the country’s jurisdiction now extends from 200 nautical miles to 220 nautical miles and encompasses the seabed and subsoil of the submarine areas beyond Nigeria’s land territory. This achievement showcases Nigeria’s growing influence in the global geopolitical landscape and marks an important milestone in the nation’s territorial expansion. However, even as we celebrate this achievement, we must be actively aware of the numerous advantages it offers for the country. Firstly, it provides access to additional resources and…
Author: Uzo Amadi
In a significant development, the London court has recently made a decisive ruling regarding the legal battle between Process & Industrial Development (P&ID) and Nigeria. The court has refused P&ID’s application to appeal the judgment that halted the enforcement of its $11 billion award against Nigeria. Presiding Judge Robin Knowles delivered the judgment on Thursday, stating that the award against Nigeria should be promptly dismissed. This decision marks a crucial turning point in the high-stakes legal dispute between P&ID and the Nigerian government. The legal saga began years ago when P&ID, a British Virgin Islands-registered firm, initiated legal proceedings against…
