Nigerian Government Sues 3 Tobacco Firms For $45B

Law360, New York (November 7, 2007, 12:00 AM EST) -- The government of Nigeria has sued three international tobacco companies for 5.3 trillion Nigerian naira, equivalent to about $45 billion, to cover the cost of medical care for underage smokers.

The lawsuit, filed in Nigeria's Federal High Court, named British American Tobacco PLC, Phillip Morris International and Nigerian company International Tobacco Ltd. as defendants, according to a report on Tuesday from the government-run News Agency of Nigeria.

Most of the award demanded — 4.8 trillion naira — is for anticipated future costs. The rest includes both...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.