The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN says the United Kingdom Court of Appeal has validated Nigeria’s claim for the post-judgment costs to be paid in Pound Sterling (GBP).
Fagbemi made this known in a statement by his Special Adviser (Media) Kamorudeen Ogundele, on Friday in Abuja.
He said he is delighted at a report he just received from Nigeria’s UK solicitors on the latest victory recorded by Nigeria in its fight against corruption and extortion by litigation hawks.
“Consequent upon our success in defeating the fraudulent USD 11 billion claim by P&ID last year, Nigeria is continuing its efforts to recover its substantial costs from P&ID and its vulture fund backers’’.
He noted that the P&ID had tried to reduce the amount drastically by claiming that Nigeria should only be entitled to recover its costs in Naira which evidently will produce a much lower cost.
“This was another misconceived and desperate attempt by fraudsters to deprive the Nigerian people of their hard-earned public revenue.
“As a government, we are very determined to recover these costs and make P&ID and its US funders pay for their scam so as to serve as deterrence to others of their ilk. “We commend the dedication and tenacity of our legal team for this accomplishment.
