$9.6b Judgement: Malami, Emefiele Lead Nigerian Delegation To UK To Battle P&ID

A federal government delegation including the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and the attorney-general of the federation (AGF), Abubakar Malami,  are already in the United Kingdom to save Nigeria from the Process and Industrial Development Limited (P&ID) debt.

The delegation which departed Nigeria on Saturday also included inspector-general of police (IGP) Mohammed Adamu; the acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu and minister of information, Lai Mohammed.

Naija News recalls that a British court had delivered judgment favour of P&ID in London, on Friday, August 16.

This followed a suit filed by P&ID after a deal agreement, to build a gas processing plant in Calabar in 2010 collapsed because Nigeria did not meet its end of the bargain.

Speaking on Sunday, Malami said the federal government is considering different options that can set aside the ruling of the British court against Nigeria.

“All cards are on the table, but it all depends on the one that has potency for setting aside the award having regards to the applicable law in the circumstances,” the minister said.

“No possibility is ruled out. The options available to us include the possibility of filing a new case and or using existing proceedings to seek relief of setting aside the award (of the contract). Nothing can be ruled out.”

Naija News had earlier reported that Process and Industrial Development (P&ID) has lost all its assets to the federal government of Nigeria after its representatives in Nigeria plead guilty to an 11-count charge filed by the anti-graft agency, EFCC.