$9.6bn fine: Nigeria rules out negotiation with P&ID | Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper. f

0


Attorney-General of the Federation and Minister of Justice, Abubakar Malami, says the federal government is not considering negotiations with Process and Industrial Development Limited (P&ID).

Last week, the English Court granted the government’s request to contest a $9.6billion fine in favour of P&ID.

The Buhari administration is seeking to reverse the judgement on a controversial Gas Supply and Processing Agreement (GSPA).

On Thursday, Malami’s spokesman, in a statement said Nigeria will ensure that the company doesn’t reap from where it didn’t sow.

“There will be no negotiation or talk of settlement with P&ID or any related party by or on behalf of the Federal Government of Nigeria”, he stressed.

“The recent judgment of the English Commercial Court confirmed our view that P&ID and its cohorts are fraudsters who have exploited our country. They will not benefit from their corrupt behavior.”

Malami called that matter a classic case with overwhelming fraudulent and corrupt undertones.

The AGF added that the government remains committed to overturn the exorbitant award without paying one Naira of public money.




Click to signup for FREE news updates, latest information and hottest gists everyday

Advertise on NigerianEye.com to reach thousands of our daily users


Post a Comment Default Disqus

Latest Nigerian News
Comments are Moderated. Clean Comments will be swiftly approved. No swear words, no racism, allowed.

 
xzb
Top