Politics

Nigeria’s UK assets not under threat of being seized over judgment fine- AGF Malami

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Attorney General of the federation, Abubakar Malami, has clarified that Nigeria’s assets in the United Kingdom are not at risk of being seized over judgment fine.

This is in reaction to claims that if Nigeria fails to pay a judgment fine before Feb. 15, Process and Industrial Developments Ltd (P & ID) can enforce the award against Nigeria.

There is an ongoing litigation between P &ID vs the Federal Government pending before a court in the United Kingdom and another court in the United States.

Malami, speaking with newsmen on Wednesday, assured that the Federal Government was vigorously defending its interests in the UK.

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“It must be highlighted in the light of the above that neither the United States court or the United Kingdom court has granted P&ID any enforcement orders against the Federal Government.

“This is because proceedings are still ongoing with the interests of the government being vigorously defended.”

The AGF urged foreign friends and investors to ignore the malicious reports as the government was making efforts through legal and diplomatic channels to resolve the issues in contention between the parties involved in the matter.

Ripples Nigeria

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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