Osinbajo, economic team receive legal brief over UK judgement

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Vice President Yemi Osinbajo and the Economic Management team (EMT) yesterday received briefing from a Federal Government’s legal team made up of foreigners based in the United Kingdom over the $9.6 billion judgement against Nigeria by a British court.

A competent presidency source who was part of the closed door session confirmed to our correspondent that yesterday’s meeting by the Vice President was to receive an update from the Federal Government’s lawyer over the case, on what next steps needed to be taken.

“We just invited our lawyer to update us on the matter and what next action needs to be taken,” she added.

A British Court, on August 16, awarded the judgement authorizing P&ID to seize Nigerian assets anywhere in the world to the value of $9.6 billion for contract default.

New Telegraph gathered that the Federal Government has since jettisoned any idea to negotiate with Process and Industrial Developments Ltd. (P&ID) over the UK ruling.

A British Court, on August 16, awarded the judgement authorizing P&ID to seize Nigerian assets anywhere in the world to the value of $9.6 billion for contract default.

The meeting with Osinbajo started at his office at about 1:30p.m.

Those at the meeting included the Finance, Budget and National Planning Minister, Mrs. Zainab Ahmed; the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), Minister of Information, Lai Mohammed; Minister of State for Petroleum Resources, Timipre Silva and the Minister of State for Niger Delta Affairs, Festus Keyamo (SAN).

Others are the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari; acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

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