The case stems from a contract for a gas project awarded by Nigeria in 2010 to Process and Industrial Developments Limited.
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This was disclosed by Dr. Umar Gwandu, the spokesman of the to the Attorney General of the Federation and Minister of Justice, Abubakar Malami, in a statement on Thursday
Abubakar Malami, the Attorney-General of the Federation and Minister of Justice, made this known in a statement by Dr. Umar Gwandu, the Special Assistant on Media and Public Relations in the Office of the Minister, in Abuja on Thursday
In what is clearly a positive step forward for Nigeria, the United Kingdom Commercial Court presided over by Justice Butcher on Thursday accepted the application of the Federal Republic of Nigeria in its case against P&ID to vary the condition of the stay of execution of the enforcement order it had earlier granted the firm
The Minister of Information and Culture, Lai Mohammed, gave the account on Wednesday in Abuja while briefing newsmen on the outcome of the Federal Government’s delegation’s trip to London over the judgment debt
However, the country is expected to deposit with the court $200 million for the judgement debt to be stayed
Justice Olukayode Adeniyi ordered that the defendant be remanded in the Suleja Prison in Niger State
Malami, who spoke with newsmen in Abuja on Sunday, said the Federal Government at a point decided to negotiate with the firm despite being aware that the contract for which a court in the United Kingdom had ordered the firm to seize Nigeria’s assets worth $9.6 billion was fraudulent
Emefiele disclosed this on Tuesday at a media briefing in Abuja