$9.6bn UK Judgement: Due Diligence Followed In Case Defence \u2013 FG The federal government said that contrary to claims in certain quarters, it diligently defended the case leading to the award of $9.6 billion judgement
The federal government said that contrary to claims in certain quarters, it diligently defended the case leading to the award of $9.6 billion judgement debt against Nigeria by a British court in the botched gas contract.
The judgement was the 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.
“It is going to affect every Nigerian, and that is why we are appealing for patriotism and objectivity of the media in handling this delicate matter,’’ the minister said. Mohammed gave the assurance yesterday in Abuja, at the 9th quadrennial conference of the National Union of Road Transport Workers .
“The setting up of the $650 million Presidential Infrastructure Fund is aimed at accelerating the ongoing construction work on the Second Niger Bridge, Lagos-Ibadan Expressway, East-West Road, Abuja-Kano Expressway and the Mambilla Hydro-electric Project. “Whether on intra or inter-state journey, your members crisscross the length and breadth of this vast nation and, collectively, have great access to information that can help to make our roads safer.
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