The Federal Government on Thursday denied the allegation that it did not diligently defend the case leading to the award of $9.6bn damages against Nigeria over a botched gas contract.
Minister of Information and Culture, Lai Mohammed, stated the government position when he appeared as guest on the NTA programme, Good Morning Nigeria, monitored by theHe said the insinuation in certain quarters that the government did not defend the case both at arbitration and court stages was “untrue and unfair.”
“The contract was entered into in 2010 and from the records made available, there were three arbitrators. 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.
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