Gas Deal: FG To Appeal British Court Orders Over Seizure Of $9bn - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
August 17, 2019
The Federal Government has said that it would appeal Friday’s ruling of a British ordering that about Nine billion dollars worth of its assets be seized by the Process and Industrial Development Limited following a breach in contract.
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Accordingto the Solicitor-General of the Federation and Permanent Secretary, FederalMinistry of Justice, Dayo Apata, the government has instructed its lawyers toappeal against of the court which sat in London.
Theruling on Friday is the latest development in the case which started in 2010,regarding an agreement to build a gas processing plant in Calabar, Cross RiverState.
Theproject collapsed between Nigeria and the Irish firm after the former is saidto have failed to meet its end of the bargain.
Inhis statement on Friday, Apata noted that as regards the recent Judgment of theEnglish Court, the Federal Government’s Counsel have been instructed to pursuean appeal, as well as seek for a Stay of Execution of the said judgment.
Headded that the Federal Government of Nigeria is making vigorous efforts todefend its interest in this matter and would not relent in exploring everyviable option in doing so.