$9.6 Billion Judgement Debt: Nigerian govt denies ‘not handling case diligently’
The Federal Government on Thursday denied the allegation that it did not diligently defend the case leading to the award of $9.6 billion judgment debt against it over a botched gas contract.
The court judgment was a fallout of the contract purportedly entered into in 2010 between the Federal Ministry of Petroleum Resources and P&ID and the subsequent award made in July 2015 by an arbitration panel sitting in London in favour of the company. The minister said that after the award in July 2015 by the arbitration panel sitting in London, the government went into negotiations with the company, but all to no avail.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$9.6bn UK judgement debt: I didn’t see contract papers, says Ex-GF AondoakaFormer Attorney General of the Federation and Minister of Justice Chief Michael Aondoakaa said he is in total support of efforts by President Muhammadu...
Read more »
Faces behind deal that landed Nigeria in $9.6bn mess
Read more »
Nigeria launches battle against $9.6b UK verdict - The Nation NewspaperLOCAL and foreign collaborators are behind the controversial $9.6 billion (N3.5 trillion) judgment debt against Nigeria, the Federal Government
Read more »
We’re challenging UK court’s $9.6bn judgment in US –FG
Read more »
$9.6bn judgment: Buhari orders EFCC, NIA to probe 2010 contract – Daily TrustFG says Nigeria not losing asset to P&ID President Muhammadu Buhari has ordered the Economic and Financial Crimes Commission, the National Intelligence Agency and the police to probe the 20-year Gas Supply Processing Agreement (GSPA) entered into in 2010. The contract, which was entered into by the federal government with Process and Industrial Developments Ltd. …
Read more »