Nigeria, Oct. 15 -- As Nigeria puts together an appeal against the $9 billion judgement debt in favour of Process and Industrial Development Limited (P&ID), by the United Kingdom Commercial Court, the country is still haunted by other contractual judgements debts against it by local and foreign courts.

Last month, the UK court granted the Nigerian government's application for a stay of execution after it granted P&ID leave to seize $9 billion in assets belonging to the country over a botched gas project in August.

P&ID had approached the court to seek compensation claiming the Nigeria government breached a 2010 gas contract agreement. The government had hired P&ID to build gas processing facilities around Calabar, Cross River. According...