The Attorney General of the Federation (AGF), and minister of justice, Mr. Abubakar Malami has said that Nigeria’s assets in the UK are not at risk of being seized over judgment fine.
Malami told journalists in Abuja that the federal government was strongly defending its interests in the UK.
The AGF was reacting to what he later described as a false assertion widely circulating online that the failure of Nigeria to pay a judgment fine before the set date that the P &ID would enforce the award against Nigeria.
“If Nigeria fails to pay a judgment fine before February 15, Process and Industrial Developments Ltd (P & ID) can enforce the award against Nigeria”.
Malami explained that there is an ongoing lawsuit between P &ID and the federal government of Nigeria that has been talking to a court and is still pending. He added that neither the united states court and the UK court has granted P &ID any enforcement orders against the Nigerian federal government.
“There is ongoing litigation between P &ID and the federal government that is pending before a court in the United Kingdom and another court in the United States. It must be highlighted in the light of the above that neither the United States court nor the United Kingdom court has granted P&ID any enforcement orders against the federal government”.
Malami urged Nigeria’s foreign investors as well as friends to ignore the malevolent reports as the federal government was making efforts through legal and diplomatic channels to resolve the present issue at hand.