Global News

Federal Government Rules Out Negotiation With P&Id Over $9.6Bn Fine

Federal Government Rules Out Negotiation With P&Id Over $9.6Bn Fine (Updated: Friday, 11th September 2020, 01:29 PM)


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”

“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.

Tags

Add a coment

Recent Posts

Runtown
Runtown
Dj 9ke
Dj 9ke
Kizz Daniel
Kizz Daniel
Yonda
Yonda
SkiiBii
SkiiBii
Dammy Krane
Dammy Krane
JamoPyper
JamoPyper
Moelogo
Moelogo
JeriQ
JeriQ
Busiswa
Busiswa
Slimcase
Slimcase
DJ Tunex
DJ Tunex
Cardi B
Cardi B
Olamide
Olamide
Frank Edwards
Frank Edwards
Terry Apala
Terry Apala
Boy Spyce
Boy Spyce
Peruzzi
Peruzzi
JoeEL
JoeEL
9ice
9ice
BlackMagic
BlackMagic
Ceeza Milli
Ceeza Milli
T Classic
T Classic
A-Q
A-Q
Oritse Femi
Oritse Femi
Mr Gbafun
Mr Gbafun
Otega
Otega
Killertunes
Killertunes
Banky W
Banky W
Baddy Oosha
Baddy Oosha
Lamboginny
Lamboginny
DJ OP Dot
DJ OP Dot
Rayvanny
Rayvanny
Zinoleesky
Zinoleesky
Ruger
Ruger
Yomi Blaze
Yomi Blaze
Philkeyz
Philkeyz
Victony
Victony
Waje
Waje
Yung6ix
Yung6ix
NAIJAKIT.COM

Trending Posts