$9.6bn: Desists from Baseless Slander and Appoint A Negotiator, P&ID Tells FG

UK firm tells Nigeria to be serious about the issue and appoint a negotiator

Set to begin seizing Nigeria’s asset.

The Process and Industrial Developments, has expressed willingness to negotiate with Nigeria over the $9.6bn judgment of a United Kingdom court that may authorise the company to seize the nation’s assets to offset the judgment debt.

The company has therefore advised the Federal Government to appoint an authorised party to enter into real negotiations instead of investigating the P&ID and its founders.

In response to the question on its attitude towards the Federal Government’s offer to negotiate over the judgment in an inquiry made by Punch, an Assistant Director at the UK-based public relations firm, iNHouse Communications, in a mail advised Nigeria to accept the reality of the ruling of the arbitration panel and the UK court’s judgment and desist from its “campaign of baseless slander.”

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“If the Nigerian government is serious about a willingness to negotiate, then it must do so in good faith.

“This means that the Buhari administration must acknowledge the reality of the rulings of the independent tribunal and the English Commercial Court, desist from its campaign of baseless slander and sham investigations against the P&ID and its founders, and instead appoint an authorised party to enter into real negotiations,” part of the reply sent reads.

The UK firm also said it would continue to seek to identify and seize Nigeria’s assets while it determined the country’s seriousness about negotiation over the judgment in a matter of days.

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“The coming days will tell if the Nigerian government is serious, or if this is simply another delaying tactic.

“In the meantime, the P&ID will continue its efforts to identify and seize Nigerian assets to satisfy the debt,” it added.

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