Former Bayelsa East Senator, Ben Murray-Bruce, has hailed the court ruling, which awarded a landmark victory to the Federal Government of Nigeria over Process & Industrial Development (P&ID) Limited.
Naija News earlier reported that Judge Robin Knowles of the Business and Property Court in London ruled in favour of Nigeria and quashed the enforcement of the $11 billion arbitration award in favour of P&ID.
Reacting to the development in a post via his X handle on Monday, the former lawmaker said the court ruling is probably the best economic news Nigeria has had this year.
Murray-Bruce said the landmark judgment is a needed breath of fresh economic air, and all Nigerians should felicitate, as this triumph will free up previously frozen funds.
He, therefore, advised the Nigerian government not to use the money that may soon be available to defend the Naira, adding that the fund must be used more judiciously for tangible infrastructural and economic development.
He wrote: “