VP OSINBAJO, TOP OFFICIALS OF FG MEET OVER $9.6bn P&ID LIABILITY




Top officials of the Muhammadu Buhari-led All Progressives Congress, APC administration met on Monday to review the $9.6 billion judgment debt against Nigeria by a British court and the best possible way to tackle it.

 The strategic meeting held behind closed doors and was chaired by the Vice President, Yemi Osinbajo, at Aso Rock had in attendance Nigerian lawyers including the British lawyer based in the United Kingdom, UK, who is handling the case. 

Recall that a British Court on August 16, awarded the judgment authorizing P&ID to seize Nigerian assets anywhere in the world to the value of $9.6 billion for contract default. The Federal Government has since jettisoned any idea to negotiate with Process and Industrial Developments Ltd. (P&ID) over the UK ruling and is allegedly planning to halt the execution of the judgment. 


 President Muhammadu Buhari according to sources privy to developments had directed the Vice President to meet with the Economic Management Team, EMT, and weigh the available options to the government. 


Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande declined comment at the end of the meeting on the outcome. Akande said, the Minister of Information and Culture, Alhaji Lai Mohammed, would brief the media at the appropriate time, but the Minister left earlier without briefing.

 A competent presidency source who was part of the closed-door session confirmed that the meeting was to receive an update from the Federal Government lawyers over the case, on the next steps to take. 
“We just invited our lawyers to update us on the matter and what next action needs to be taken,” the source stated. 

Before the meeting commenced at the Vice President wing of the State House, the Attorney General of the Federation, AGF and Minister of Justice, Abubakar Malami met with the Chief of Staff, Mallam Abba Kyari, who took him to the President’s office. 
A source told the Republic that the meeting was to guide the government in taking the appropriate steps. 

Present at the meeting are: the Finance, Budget and National Planning Minister, Zainab Ahmed, Minister of Justice, Abubakar Malami, Minister of Information, Lai Mohammed and  the Minister of State for Petroleum, Timipre Silva. 

Others include: the Minister of State for Niger Delta Affairs, Festus Keyamo, Group Managing Director of NNPC, Melee Kyari, the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, and the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele.



Comments

Post a Comment

Popular posts from this blog

Taraba Killing: Buratai Fears Reprisal Attack By Police, Warn Soldiers

Image
The Chief of army staff, Lt. Gen. Tukur Buratai has expressed fears over possible reprisal attack by the personnel of the Nigerian Police Force over the gruesome murder it's men last week by the operatives of the Nigerian Army. This was contained in a tweet shared on facebook by the COAS who  believes policemen have become like wounded lions following the killing in Taraba of three of their best undercover operatives by soldiers attached to Takum based 93 Battalion. The Army Chief, not taking chances about a possible reprisal, has directed troops on internal security duties to be cautious in their dealings with policemen. The Republic gathered that, he also warned travelling military personnel to do so in mufti to avoid confrontations with policemen. Three police officers — Inspector Mark Ediale, Sergeants Usman Danzumi and Dahiru Musa, all members of the Intelligence Response Team of the Police, led by ASP Felix Adolije, were brutally killed by soldiers along Ibi-Jalingo Road last...
Read more

MEET THE AMAZON, KETHIA URIE

Image
She is beauty personified, 19-year-old Miss Kethia Urie, defines beauty by every measure. She posses a weird placid mien with a nack for sartorial elegance.  Urie holds the Ordinary National Diploma, OND, of the Polytechnic Ibadan. An upcoming model, she is brilliant, cerebral, humble, gentle, easy going with high moral probity. The Ibadan based Delta State-born model says, the screen goddess, Omotola Jalade Ekeinde, is her role model as she aspires to beat the world best model to be the best.  Urie is a brand of Pearl Model, who is glued to her glowing beauty and bringing the best out of the upcoming model. 
Read more

Former MD NDDC, EKERE DENIES MAKING CONFESSION, BLAMES PURVERYORS OF FAKE NEWS

Image
In the wake of President Muhammadu Buhari’s order directing a Forensic Audit of the Niger Delta Development Commission (NDDC) under the direct supervision of the Minister of Niger Delta Affairs Senator Godswill Akpabio, CON, several misguided statements drawing mischievous innuendoes alleging that the Audit is targeted at the immediate past Managing Director of the Niger Delta Development Commission (NDDC)  and Governorship Candidate of the APC in the March 9, 2019 Governorship Elections in Akwa Ibom State, His Excellency Mr. Nsima Ekere, have flooded the media space. Having elevated such puerile narratives to unimaginable proportions, our attention has also been drawn to an ambitious but poorly cobbled and error-ridden report claiming amongst others, that Mr. Nsima Ekere sees the audit exercise as “witch-hunting” and has therefore vowed not to “go down alone”. The said verbose and reckless report is clearly a poor mimicry of Mr. Ekere. This is so because there is a unanimous unive...
Read more