WE’RE READY TO NEGOTIATE $9.6BN FINE WITH P&ID – FG

Written by on August 30, 2019

THE FEDERAL GOVERNMENT HAS SAID IT IS READY TO NEGOTIATE WITH THE PROCESS AND INDUSTRIAL DEVELOPMENTS LTD OVER A JUDGMENT BY A UNITED KINGDOM COURT GRANTING THE FIRM SEIZURE OF $9.6BN IN NIGERIAN ASSETS.

THE JUDGMENT WAS BASED ON A CONTRACT BETWEEN THE FEDERAL GOVERNMENT AND THE P&ID SIGNED IN 2010.


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