P&ID: Malami, Sylva, others summoned over $9.6bn

P&ID: Malami, Sylva, others summoned over $9.6bn

The Attorney-General and Nigeria minister of Justice, Abubakar Malami and his counterpart in the Ministry of Petroleum Resources, Timpriye Sylva have been summoned by the House of Representatives in connection with the $9.6bn P&ID judgement by a commercial court in the United Kingdom against the Nigeria. The ministers were mandated to appear before a 17-man

The Attorney-General and Nigeria minister of Justice, Abubakar Malami and his counterpart in the Ministry of Petroleum Resources, Timpriye Sylva have been summoned by the House of Representatives in connection with the $9.6bn P&ID judgement by a commercial court in the United Kingdom against the Nigeria.

The ministers were mandated to appear before a 17-man ad hoc Committee of the House of Representatives on Wednesday as a matter of urgency.

They are to give situational report on the matter and explain the lapse in judgement of time and due diligence in the (miss) handling of the case with a view to finding lasting solutions to the avalanche of extant and future cases.

The ad hoc Committee is headed by Hon. Sada Soli (APC Katsina).

Besides, the lawmakers are also to invite other officials of the ministries, saddled with the responsibility to negotiate the agreement with P&ID and the prosecution of the matter before the tribunal.

The directive was conveyed in a motion of motion of urgent national importance sponsored by a member, Hon. Julius Ihonvbere.

Ihonvbere, while moving the motion noted that the recent judgement in a matter between Process and Industrial Development (P&ID) Limited “leaves a very sour taste in the mouth”.

He said for a Country with a foreign reserve of only $45 billion and a sovereign debt profile of over $80 billion, the judgment debt is not only punitive but would devastatingly affect the Nigerian economy.

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SPEAKER, HOUSE OF REPRESENTATIVES, FEMI GBAJABIAMILA
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