No negotiation with P&ID on $10bn judgement – Malami

The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami has ruled out the possibility of negotiation with Process and Industrial Development (P&ID) over the disputed $10b judgment debt.

The AGF’s spokesman, Dr. Umar Jibrilu Gwandu, in a statement on Thursday, quoted Malami as saying: “There will be no negotiation or talk of settlement with P&ID or any related party by or on behalf of the Federal Government of Nigeria.

“The recent judgment of the English Commercial Court confirmed our view that P&ID and its cohorts are fraudsters who have exploited our country.

“They will not benefit from their corrupt behaviour. This is a classic case with overwhelming fraudulent and corrupt undertones.

“The Federal Government of Nigeria is not considering any possibility of negotiations with P&ID. It has not only fallen within the tall order exception referred to by the Hon Attorney

General in his interview with Arise TV yesterday but lacks any legitimate foundation.

“We will not and cannot negotiate arbitral awards where the basis and foundation rely on fraud, corruption, breach of processes and procedures.

“The Government remains wholly committed to fighting this case to overturn the exorbitant award without paying a single naira of public money to these fraudsters.”