Osinbajo Meets Ministers, Others Over $9.6 Billion Judgment

Vice-President Yemi Osinbajo on Monday chaired a meeting over the $9.6 billion judgment against Nigeria.

The meeting started at his office around 1.30pm and ended around 3.45pm.

Those at the meeting included 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 Sylva.

Others were the Minister of State for Niger Delta Affairs, Festus Keyamo; Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari; the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

At the meeting also was a British lawyer representing Nigeria in the case at the United Kingdom. 

None of those who attended the meeting spoke with journalists when the meeting ended.

But, a Presidency source, who was part of the closed-door meeting, said the meeting was to receive an update from the Federal Government’s lawyers over the case.

“We just invited our lawyers to update us on the matter and what next action needs to be taken,” the source said.

The $9.6 billion judgment debt against Nigeria by a British court was over a botched gas contract.

Irish engineering firm Process and Industrial Development (P&ID) had won the $9.6 billion judgment against Nigeria in August.

Malami had announced earlier that the EFCC would prosecute all those involved in approving the deal.

Before the Osinbajo’s meeting commenced at the State House, Malami met with the Chief of Staff, Mallam Abba Kyari, who took him to the President’s office.

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