$6.9bn Judgement Debt: Nigerian Delegation Heads to UK for further negotiation

0
277

The Attorney-General of Federation and Minister of Justice, Abubakar Malami (SAN), disclosed Sunday night that the Nigerian delegation had left for the United Kingdom to discuss with the legal team the possible strategies on how to deal with the $9.6bn judgrmrnt debt

The minister who gave an update on the judgement debt awarded by a UK Commercial Court to Process and Industrial Developments Limited (P&ID) spoke on whether the Nigerian delegation leaving for UK would file a new case based on the new realities of the contract or would build on the previous judgement.

He said, ‘’All cards are on the table but it all depends on (which is) beneficial, that has potency for setting aside the award, having regards to the applicable law in the circumstances.”

Malami said no possibility was ruled out including, “possibility of filing new case or using existing proceedings to seek relief of setting aside the award of the contract cannot be ruled out.’’

Details later…

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.