A court in the United Kingdom on Thursday granted the Federal Government leave to appeal against the award and enforcement of the judgement permitting Process and Industrial Developments Limited (P&ID) to seize $9.6billion in Nigerian assets.
Attorney General of the Federation and Minister of Justice, Abubakar Malami, leader of the Nigerian legal team in London, confirmed the development.
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The court is currently said to be considering an application for stay of execution.
A Federal High Court recently convicted two directors of the Irish firm on allegations of fraudulent involvement in the 2010 contract between the Federal Government and P&ID.
The suspects, Muhammad Kuchazi and Adamu Usman, pleaded guilty to an 11-count charge of money laundering, abuse of office and economic sabotage filed by the Economic and Financial Crimes Commission (EFCC).
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Mr Kuchazi is said to be a commercial director with P&ID incorporated in the British Virgin Islands, while Mr Usman is a director of the firm in Nigeria.
The court ruled that they both represented their firms.
It also ordered the firm to forfeit all its assets to the Federal Government.
