$9.6bn Fine: Nigeria Rules Out Negotiation With P&ID
September 11, 2020
4:15 am
Attorney-General of the Federation and Minister of Justice, Abubakar Malami, says the federal government is not considering negotiations with Process and Industrial Development Limited (P&ID).
Last week, the English Court granted the government’s request to contest a $9.6billion fine in favour of P&ID.
The Buhari administration is seeking to reverse the judgement on a controversial Gas Supply and Processing Agreement (GSPA).
On Thursday, Malami’s spokesman, in a statement said Nigeria will ensure that the company doesn’t reap from where it didn’t sow.
Read Also: P&ID: UK Court Grants Nigeria Permission To Challenge $9.6bn Fine
“There will be no negotiation or
