A Federal Government delegation led by the Attorney-General of the Federation Abubakar Malami, and the Governor of the Central Bank of Nigeria Godwin Emefiele, has arrived the United Kingdom to seek solution over the $9.6 billion case involving the Process and Industrial Development Limited (P&ID).
The meeting follows the award of the fine of $9.6 billion against Nigeria by a British Court over the botched oil contract with the company.
Others members of the delegation include the Minister of Information and Culture, Lai Mohammed; the Inspector General of Police, Abubakar Adamu; AIG Ibrahim Lamorde and the Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu.
Abubakar Malami had shortly before the team left Nigeria, said the federal government was exploring different options in a bid to set aside the ruling of the British court against Nigeria.
He said, “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.”
“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.”
A federal high court, Abuja last Thursday convicted two directors of P&ID and ordered the forfeiture of the company’s assets to the government for economic sabotage and money laundering.
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