The Senate has passed a resolution inviting the Attorney general of the Federation and Minister of Justice, Abubakar Malami, to brief it on details of the $9.6 billion P&ID judgment debt against Nigeria.
Also to appear before the upper legislative chamber’s committees on Judiciary and Human Rights Matters, Petroleum Upstream and Gas Resources and Power over the issue are officials of the Ministry of Petroleum Resources and professional arbitrators on behalf of the Federal Government.
The United Kingdom’s Business & Property Courts had last month granted P&ID’s request to enforce a 2013 award against Nigeria by a three-member arbitration tribunal.
The tribunal relied on the Arbitration Act 1996 (England and Wales) and the Nigerian Arbitration and Conciliation Act 2004.
President of the Senate, Ahmad Lawan, said the invitees are to provide details of the 2010 contract, the reasons for the default, handling of resultant negotiations, court proceedings and steps being taken to resolve the issue.