- A UK minister has been slammed for attacking Nigeria in the case involving the P&ID
- The minister, Priti Patel, had criticised Nigeria for appealing the $9.6 billion arbitration fine
- Patel is the UK's secretary of state for the home department
Following her comment on the $9.6 billion arbitration fine case between Nigeria and the Process and Industrial Developments (P&ID) Limited, a United Kingdom minister, Priti Patel, has come under fire.
Patel, UK's secretary of state for the home department, had criticised the federal government for appealing the fine, adding that Nigeria must shape up and honour its obligations in order to be a part of the international market.
In her reaction to government's position, the minister said: “In Nigeria, the unhappy experience of the firm founded by two Irishmen, Process and Industrial Development (P&ID) … demonstrates the risk that businesses will face in Nigeria.
“Investors must consider this long-running scandal and weigh this obstinance against Nigeria’s mishandled economic potential.”
Commenting on Patel's comment, The Eye, a British media outfit, wrote: “Patel was too busy to explain...how she became involved in this crucial development issue – but her words sit uneasily now given last week’s commercial court ruling in favour of Nigeria."
Meanwhile, Legit.ng reported that the federal government had hailed the judgement of Business and Property Courts of England and Wales which granted Nigeria’s application for an extension of time and relief over $10bn sanctions.
In a statement released on Friday, September 4, through the Twitter page of the Nigerian presidency, the federal government described the judgement as right and just.
It would be recalled that $10bn sanction was imposed on Nigeria in a case involving the P&ID.
The decision against Nigeria was taken after a controversial gas deal with the engineering and project management company.
On Friday, the English court granted Nigeria an extension of time and relief on the case, and the federal government has described the verdict as a landmark victory over attempts to cheat Nigeria by the other party involved.
Also, the APC had commended the Buhari-led administration over the recent UK Commercial Court verdict.
The order suspends any penalty against Nigeria in respect of the $9.6 billion P&ID debt judgement against Nigeria.
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