The federal government on Friday said it has filed fresh charges in UK courts in its ongoing effort to bring the Process & Industrial Development (P&ID) ”to justice” over the $9.6 billion contract.
“The Federal Republic of Nigeria today filed new and substantive charges in the English Courts, in its ongoing fight against the vulture-fund-backed P&ID. This is a major step forward in their bid to overturn the injustice of the US$9.6 billion award,” a minister said.
The new charges, the Attorney General of the Federation and Minister of Justice, Abubakar Malami, said, will challenge both the underlying arbitral award and its enforcement, while lodging a fresh appeal against the subsequent High Court judgment.
He did not give further details on the make-up of the new charges…