Breaking News Network Nigeria

  • Services
  • FAQ
  • About Us
  • Contact
  • Photo News
  • News & Events
    • Quote
    • Standard
    • Audio
    • video
  • Post Stories
  • Advertise With Us
  • BNN Store
  • Book Event

$9.6bn Judgment – P&ID Says No Negotiation With FG

Inner page leaderboard banner

Posted by Blessing on September 26, 2019 7:04 am / 0 Comments

The Process and Industrial Development has denied offering to negotiate with the Federal Government over a recent contentious judgment of a United Kingdom which affirmed that it is owed $9.6bn by Nigeria.

This came as both Nigeria and the firm are set for a legal showdown in a push by the Federal Government to have the controversial judgment set aside in the UK court on Thursday (today).

The P&ID’s denial of an out-of-court negotiation with Nigeria over the judgment, followed media reports that it  made the offer to have talks with the Federal Government after its conviction for fraud, tax evasion and other sundry offences by the Federal High Court, Abuja, on September 19, 2019.

An official of a London-based public relations firm, iNHouse Communications, which has been receiving and responding to public enquiries about P&ID in relation to the $9.6bn judgment, Chris Rogers, said such “suggestion” of an offer to negotiate with Nigeria was false.

“Any suggestion P&ID has made an offer of negotiation or that there is an offer the Nigerian government is considering is entirely false,” Rogers said.

Responding to an earlier enquiry if such negotiation was going on, Rogers said, on Wednesday, “I have checked, and any suggestion that negotiations have commenced is entirely false and incorrect”.

Earlier on September 1, the company expressed its readiness to negotiate with Nigeria over the $9.6bn judgment.

The company, however, advised the President Muhammadu Buhari-led Federal Government to “appoint and authorised a party to enter into real negotiations” instead of what it called the Nigeria’s “baseless slander and sham investigations against P&ID and its founders”.

The firm said in a response to our correspondent’s enquiry, “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 P&ID and its founders and instead appoint an authorized party to enter into real negotiations.”

TAGS

Read Next


Kwara Government To Employ 1,600 Persons with Disabilities

Ali Ndume Faults Amnesty Program For Boko Haram

Police Officer Rapes Widow Who Was Arrested For Not Wearing Face Mask

Ondo Deputy Governor Defects To ZLP

Third Mainland Closure – Lagosians Not Partronizing Helicopter Shuttle Service

Anti-Corruption War Of PMB Still On – FG

You May Also Like


Lawyer To Contest NBA Election In Court

EFCC Arraigns Firm Over $1.29M, N46M Transactions

Former Chairman In Gombe Bags 15 Years Imprisonment Over Corruption Charges

Court Orders Diezani To Appear Over Money Laundering

Lai Mohammed Orders NBC To Suspend BBNaija Show

House Of Reps To Probe NEDC Over Disappearance of N100 Billion

Sponsored Links


Passion For Arts – MTN Staff Quits Job To Pursue Interests

Touchoffaces Is The Best Option For Your Next Event

Kwara Governor Nominates 26 Year Old Lady As Cabinet Member

Banks To Begin Charges On Transactions Above N500,000 

Fans Lament Over Friendly Match Between Brazil and Nigeria

Army begins trial of former GOC Hakeem Otiki over missing N400m 

Jobboard


Search

Recent Posts

  • Kwara Government To Employ 1,600 Persons with Disabilities Blessing
  • Ali Ndume Faults Amnesty Program For Boko Haram Blessing
  • Police Officer Rapes Widow Who Was Arrested For Not Wearing Face Mask Blessing
  • Ondo Deputy Governor Defects To ZLP Blessing
  • Lawyer To Contest NBA Election In Court Blessing
Inner page square banner1
Inner page square banner2

No Comments

Leave a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post
Next Post

CONNECT WITH US

BNN

BNN TV NIGERIA

CONTACT US

Follow Me!

Facebook

Twitter

08112851555

Info@bnn.ng

Recent Posts

  • Kwara Government To Employ 1,600 Persons with Disabilities
  • Ali Ndume Faults Amnesty Program For Boko Haram
  • Police Officer Rapes Widow Who Was Arrested For Not Wearing Face Mask

Small footer banner1
small footer banner2

© 2016 All rights reserved. Developed by BNN ~ Breaking News Network Privacy Policy | Terms and Conditions | Cookies