$9bn Judgment: FG Defended Case Diligently, Says Lai Mohammed via thisdaylive
The federal government on Thursday denied the allegation that it did not diligently defended the case leading to the award of $9.6 billion judgment debt against it over a botched gas contract.
A UK court had in a ruling authorised an Irish engineering and project management company, Process and Industrial Developments Ltd. , to seize $9.6 billion in Nigerian assets over the failed contract. “The arbitrators were the parties to be nominated by the company, the other by the Ministry of Petroleum Resources while the two of them will agree on the third arbiter.
Mohammed said that when the company also filed the case for the enforcement order in both the UK and the U.S. courts simultaneously, the government engaged services of solicitors to defend the action.
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