P&ID Heads for a Showdown With FG, Vows to Seize Nigerian Assets

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SWITZERLAND, SEPTEMBER 20 – It appears British company, P&ID is heading for a showdown with the Federal Government after two of its agents pleaded guilty to fraud and a court judgement ordered the forfeiture of all its Nigerian assets.

The embattled P&ID in a statement on, vowed that it will continue its efforts to identify and seize Nigerian assets.

The company alleged that the Nigerian government continued to demonstrate no willingness to negotiate in good faith in order to find “a reasonable resolution to the debt.” “As a result, P&ID will continue its efforts to identify and seize Nigerian assets to satisfy the debt as soon as possible,” it said. The company alleged that the Nigerian government was executing a targeted campaign of unlawful and illegal detentions aimed at innocent individuals associated with the company.

Andrew Stafford Q.C. of Kobre & Kim, which represents P&ID, stated: “The Nigerian government, through the Economic and Financial Crimes Commission, is carrying out a targeted campaign of detentions aimed at individuals associated with P&ID and the US $9.6bn arbitration award P&ID has won against Nigeria.

“The detentions are illegal, and appear to be aimed at coercing false testimony to support Nigeria’s claim that P&ID’s award is a fraud. Nigeria’s Attorney General Abubakar Malami has acknowledged that his aim is to provoke global opposition against P&ID, by undertaking these attacks. “P&ID calls on the government of Nigeria to accept its responsibilities under the law, and to cease the unlawful detentions,” the statement said.

UK court’s judgement not altered – Kirsty Brimelow (QC) The Head of International Human Rights Law at Doughty Street Chambers in the United Kingdom, Kirsty Brimelow (QC), said yesterday that the judgment of the Federal High Court in Abuja did not alter the existing judgment of the high court in the UK. Brimelow, a former Chair of the Bar Human Rights Committee of England and Wales, said the Nigerian government will have to return to the UK court if it wished for the judgment of the UK government to be set aside. “The High Court judgment of England and Wales remains in force… Nigeria needs to return to the court in England and Wales if it has a new dispute over the $9billion. It does seem to be an extremely surprising development as previously, Nigeria’s arguments against enforcement did not involve allegations of dishonesty,” she said.

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