$9.6b Judgement: P&ID Agrees To Negotiate With Nigerian Government

The Nigerian Government seems to be getting things right as P&ID, the winners of the $9.6b Judgement has finally have made offers for settlement.

Naija News understands that owners of the Irish firm, Process and Industrial Developments Ltd (P&ID) agreed to the settlement after the company lost all its assets in Nigeria to the federal government.

According to reports monitored by Naija News from the Nations the Federal Government received five negotiation offers from individuals close to the firm.

The report also revealed that one of those interested in the negotiation, Adam Quinn, son of P&ID’s owner, the late Michael Quinn might be extradited to Nigeria for fraudulent practice and money laundering.

A source, who spoke in confidence with the nation’s newspaper, said: “Ahead of the legal battle on Thursday against P&ID, the Federal Government has received five offers from some individuals acting on behalf of the Irish firm for negotiation.

“One of those seeking peaceful resolution of the row is Adam Quinn, who is a son to the late owner of P&ID. For security reasons, we want to keep other names under wraps.

“The government has, however, decided to put these offers in abeyance, pending the outcome of Thursday’s sitting. We are not opposed to talks or negotiation, but, given a similar circumstance in the past, the government is a bit circumspect about any offer from the representatives/ associates of P&ID and other arbiters.

“We want to pursue this case to its logical conclusion before we give any other option a thought.”

Investigation confirmed that Malami, Adamu and Magu have spent quality time with the foreign lawyers engaged by the Federal Government.