-September 2, 2019, news/comments
LAGOS-“We are ready to negotiate with Nigeria government over the $9.6bn judgment of a United Kingdom court-which is likely to authorise the seizure of the country’s assets to settle the judgment debt” This was the response obtained from the Process and Industrial Developments company, yesterday, as regard to their readiness to seize Nigeria’s assets.
The company, therefore, strongly advised President Muhammadu Buhari and his Government to see the need to either appoint an authorised party to go into real negotiations with them, rather than resolves to what they call “Nigeria’s “baseless slander and sham investigations against the P&ID and its founders.”
This was contained in a reply to The PUNCH’s enquiry about the company’s attitude towards the Federal Government’s offer to negotiate with the P&ID over the judgment.
It could be recalled that The PUNCH’s enquiry was sent to the P&ID’s lead counsel, Ian Mill, a Queen’s Counsel, of the UK-based Blackstone Chambers, on Friday that resulted to a reply.
The mail was replied on behalf of Mill on Sunday, by an Assistant Director at the UK-based public relations firm, iNHouse Communications, advising Nigeria to accept the reality on ground and of the ruling of the arbitration panel. They also advised the country to desist from fruitless campaign of baselessness and slanderous.
The mail reads, “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 the P&ID and its founders, and instead appoint an authorised party to enter into real negotiations.” The firm further noted that they will continue to seek to identify and seize Nigeria’s assets over the judgment in a matter of days, except if serious negotiation is put in place. Meanwhile, Nigeria Federal government through its official had directed some of agencies such as the Economic and Financial Crimes Commission, the National Intelligence Agency and the police to launch a holistic investigations into the activities of the P&ID, and fish out its promoters, and the contract leading to the UK judgment among others.
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