Section 31: Waiver of immunity

(1) Subject to such exceptions as may be contained in any commercial agreement to which it is a party, Nigeria or the Corporation unconditionally waives any immunity from suit, execution, or other legal process in connection with any action or proceeding to obtain or enforce an arbitral award in relation to the Project.
(2) The amount of any award obtained against Nigeria or the Corporation under a dispute resolution procedure in any agreement relating to the Project to which it is a party will constitute conclusive evidence of the existence and amount of the claim against it.