Stop sham probe, appoint negotiator, P&ID tells FG


The Process and Industrial Developments (P&ID), on Sunday, expressed its readiness 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, however, advised the President Muhammadu Buhari-led Federal Government to appoint an authorised party to enter into real negotiations instead of what it called “baseless slander and sham investigations by Nigeria against the P&ID and its founders.

P&ID’s lead counsel, Ian Mill, a Queen’s Counsel, of the UK-based Blackstone Chambers 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, adding that “If the Nigerian government is serious about a willingness to negotiate, then it must do so in good faith.”

The firm, however, added that 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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