$9.6bn judgement debt: FG to push for abrogation of huge cash award vanguardngr.com vanguardnews
By Soni Daniel & Udeme AkpanNigeria goes on appeal to set aside the huge cash awarded by a British commercial and arbitration court to an offshore compaany over a botched gas supply contract, indications emerged, weekend, that the government might have written off the claimant as non-existent enterprise.
Similarly, efforts by a team of Economic and Financial Crimes Commission operatives to locate its Nigerian address quoted in the court paper as 12, Vaal Street, Maitama, Abuja, has proved abortive. It said: “This government will not negotiate with questionable characters who are merely seen to be actively trying to extort money from the government and people of Nigeria.
The top management personnel of the company, including the managing director, Mr. Yonghong Chen, did not take telephone calls nor respond to emails, whenBut a source in the Department of Petroleum Resources, DPR confirmed that associated gas flaring has not ended in OML 123.
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