$9.6bn Judgment Debt: Ignore P&ID Grandstanding; We’re Confident Of Upturning Judgment — FG
The Federal Government, Tuesday, urged Nigerians to ignore the ostentatious claims by the Process and Industrial Developments, P&ID, Ltd, on compilation of Nigeria’s assets for attachment over a $9.6 billion judgment debt.
Minister of Information and Culture, Alhaji Lai Mohammed, made the call when he paid a working visit to the headquarters of the Leadership newspaper, in Abuja.
Briefing the management and editorial board of the medium on the purported gas contract that led to the judgment debt, the minister reassured that government would take legal and diplomatic actions to ensure no asset of the country was annexed over the case.
He said: “You will see that there is a lot of grandstanding on the part of the P&ID, especially by the Public Relations consultant it hired. “As a matter of fact, they are already threatening that they are compiling the list of assets of Nigeria to attach.
“The truth of the matter is that, even in the judgment, the court said it cannot start any attachment until the court resumes from vacation. “We are doing everything possible and we are very optimistic that we will escape any embarrassment of attachment of the country’s asset as a result of this dubious award.
“The Federal Government has taken all necessary steps to ensure that no property of the country is attached by any court.
“Government will leave no stone unturned, legally and diplomatically, to ensure that our asset will not be affected as a result of the judgment.”
The minister reiterated that the contract was a scam from inception with both local and international collaborators who aimed at depleting the nation’s foreign reserves.
