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MarketsLegalHedge Fund-Backed Firm Fights Nigeria for $11 Billion PayoutNigeria sought to scrap arbitration award, alleging fraudP&ID says Nigeria’s allegations are fictitious inventionsByUpmanyu Trivedi and William Clowes+FollowJanuary 24, 2023, 10:30 AM UTCUpdated onJanuary 24, 2023, 6:12 PM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterNigeria cooked up fictitious allegations in a politically motivated campaign to dodge a massive $11 billion arbitration award, a hedge-fund backed firm claimed at a London trial over the legality of the disputed payout.