Politics

$9.6billion judgement: Malami, Lai, IGP, Emefiele, Magu, led Federal Government team to the UK

Mr. Abubakar Malami (SAN), the Attorney-General of the Federation and Minister of Justice

Abubakar Malami, the Attorney General of the Federation; Lai Mohammed, the Minister of Information and Culture; Ibrahim Magu, the Chairman of the Economic and Financial Crimes Commission (EFCC); Godwin Emefiele, the Governor of the Central Bank of Nigeria; Mohammed Adamu, the Inspector General of Police; on Saturday left the country for the United Kingdom for a legal battle with Process and Industrial Developments Ltd.

The top government officials led a delegation to the UK ahead of the case on Thursday with P&ID. The UK firm is expected to push for the seizure of $9.6billion in Nigerian assets around the world.

A UK Court had weeks ago ordered P&ID Ltd to seize $9.6billion in Nigerian assets over an alleged breach of a gas supply and processing agreement signed with the firm under the late President Umaru Musa Yar’Adua administration.

A Federal High Court had last week convicted two representatives of P&ID Ltd over charges of fraud and tax evasion against the firm and its Nigerian subsidiary (P&ID Nig. Ltd). The charges were relating to the contract which led to the UK court judgment.

The Nigerian Government plans to tender before the court on Thursday evidences showing that the contract signed in 2010 was fraudulent.

The court in the UK is expected to hear from the defendant (Nigerian Government) before it decides whether or not to enforce the seizure of the assets. September 26 was fixed for the hearing.

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  1. Pingback: $9.6billion Judgement: P&ID refuses to negotiate with Nigerian Government, set for legal battle - Naija Buzz News

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