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$9.6bn judgment: FG team in four-hour talks with lawyers

Malami
Abubakar Malami (SAN)
The Federal Government team   in London on Sunday held a marathon meeting with Nigerian and foreign lawyers as part of a broader effort  to  secure a judgment overruling  the verdict of a United Kingdom court  asking  Process and Industrial Developments Limited to seize $9.6bn in Nigerian assets.

The meeting,  which lasted for about four hours,  was held inside the Nigerian High Commission in London.

The Attorney General of the Federation, Abubakar Malami (SAN), who is  the leader of  the delegation, disclosed this in a telephone interview with reporters  on Monday while giving an update on their mission in the UK.

The Minister of Information, Lai Mohammed; Inspector-General of Police, Mohammed Adamu; the  Governor of the Central Bank of Nigeria, Godwin Emefiele; and the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, are part of the  delegation.

Malami said the government took briefings from both the Nigerian  and foreign lawyers  towards “developing strategies targeted at setting aside the ($9.6bn) award.”

He  however did not give details of the decisions reached.

He said, “It is simply that we held a meeting with both Nigerian  and international legal teams at the High Commission in London.

“At the meeting, we took briefings from the teams in Nigeria and the UK for the purpose of developing strategies targeted at setting aside the award.

“The meeting started at about 6pm and ended at about 11pm on Sunday.

“We had a  series of engagements  with Reuters and Financial Times and  others  today (Monday), where we elaborated on the antecedence relating to the contract and entertained questions from the media.”

Malami  on Sunday said the Federal Government was considering all options in its  efforts to ensure that  the earlier judgment  was nullified.

The minister said this while answering  questions on whether the government would  be filing a new case based on  the latest  developments,  especially the conviction it secured against the firm in Abuja on Thursday, or would  build on the previous judgment.

He said,  “All our  cards are on the table, but it all depends on the one that has  the potency of setting aside the award regarding  the applicable law in the circumstances.”


Meanwhile, a  civil society group, Kingdom                                                                                                            Human Rights Foundation International, on Monday filed a suit before the Federal High Court in Abuja challenging the  2010 Gas Supply Processing Agreement which led to the $9.6bn judgment  delivered against Nigeria by a British court.

The suit came days ahead of the Thursday’s proceedings of the UK court where Nigeria’s legal team would appear to challenge the controversial verdict.

The group  alleged in the suit that, the agreement  between the Ministry  of Petroleum Resources and Process and P&ID   was  fraudulent, illegal,  “and was  conceived, signed and executed  in complicated falsehood and misrepresentation  and   in  total breach of the procurement law”.

The plaintiff, through its lawyer, Kingdom Okere, also alleged that “the contract was   designed  to fail,  and therefore  constitutes an act of economic sabotage against the Federal Government of Nigeria and the people of Nigeria”.

The case had yet to be assigned to a judge and the  respondents had  yet to respond to the suit as of the time of filing this report on Monday.  (Punch)
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