Nigeria has secured a landmark victory in its pursuit to overturn a $10 billion judgement awarded against it in a case against Process and Industrial Developments (P&ID).

Ross Cranston, a Judge of the Business and Property Courts of England and Wales, in delivering his judgement on Thursday, granted Nigeria’s application for an extension of time and relief from sanctions.

The Federal Government had approached the court to establish that the contract was awarded on illegal terms.

A tribunal had on January 31, 2017, ruled that Nigeria should pay P&ID $6.6 billion as damages, as well as pre- and post-judgment interest at 7 per cent.

Nigeria has been pushing to overturn the judgement and has gotten court clearance to request documents from a P&ID stakeholder and review bank statements of ex-president Goodluck Jonathan, as well as those of former petroleum ministers, Diezani Alison-Madueke and Rilwanu Lukman.