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  5. 558 F.Supp. 1204 (1983)
 

GOODSONS & CO., INC. v. FEDERAL REPUBLIC OF NIGERIA

No. 82 Civ. 3582 (RLC).

558 F.Supp. 1204 (1983)

GOODSONS & COMPANY, INC., Plaintiff, v. FEDERAL REPUBLIC OF NIGERIA and Central Bank of Nigeria, Defendants.

United States District Court, S.D. New York.

March 7, 1983.

Attorney(s) appearing for the Case

Richard Simon, Hauppauge, N.Y., for plaintiff.

Kissam, Halpin & Genovese, New York City, for defendants; James G. Simms, Laurence May, New York City, of counsel.

OPINION

ROBERT L. CARTER, District Judge.

This action is part of a group of cases which arose out of the Nigerian government's unilateral suspension of its obligations with foreign suppliers under cement contracts, due to an avalanche of shipments to its ports in 1975. Payment for the contracts was to be made pursuant to letters of credit set-up by the Central Bank of Nigeria ("Central Bank"), with the Morgan Guaranty Bank of New York1...

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