Yusuf Alli, Managing Editor, Northern Operation
The Federal Government on Friday filed a fresh appeal in the English court against the award of $9.6billion to Process and Industrial Developments (P&ID) by a United Kingdom court.
The government said the new application was based on new evidence that has come to light in recent investigations
A statement by the Special Assistant Media and Public Relations Office of the Attorney-General of the Federation and Minister of Justice, Dr. Umar Jibrilu Gwandu, said the new action was part of the steps to upturn the $9.6bilion judgment against the Federal Government.
The statement said: “The filing challenges both the underlying arbitral award and its enforcement, and lodges a fresh appeal against the subsequent High Court judgment.
“Based on new evidence that has come to light in recent investigations, it is clear that the original contract was a sham commercial deal and designed to fail from the outset.