The Process and Industrial Developments, has expressed its readiness to negotiate with Nigeria over the $9.6bn judgment of a United Kingdom court that authorized the company to seize the nation’s assets to offset the judgment debt.
The company, however, advised the federal government to appoint an authorized party to enter into real negotiations instead of what it called the Nigeria’s baseless slander and sham investigations against the P&ID and its founders.
This was contained in a reply to enquiry about the company’s attitude towards the federal government’s offer to negotiate with the P&ID over the judgment.
It advised Nigeria to accept the reality of the ruling of the arbitration panel and the UK court’s judgment and desist from its campaign of baseless slander.