the United Kingdom Appeal Court handling the case, with a new set of pleading to revoke the monumental award against the country.Beyond the conviction of the company, the Nigerian federal court also ordered the forfeiture of the assets of the company to the federal government.
Minister of Justice and Attorney General of the Federation, Abubakar Malami, confirmed that the legal team would be converging in London to review the case and take further steps to advance the cause of justice and Nigeria in the case, which has drawn global attention. Malami said: “Nigeria is expected to review its strategy in view of the unfolding development as its relates to the conviction of some of the suspects that have admitted to fraud and corruption that gave rise to the award.“The implication of today’s conviction of the suspects by the FHC in Nigeria is that Nigeria has a judicial proof of fraud and corruption as a foundation of the relationship that gave rise to a purported liability and arbitral award.
“From the available evidence, Nigeria now has a cogent ground to ask for the setting aside of the entire liability. “This is because, in law, a liability that is rooted in fraud and corruption cannot stand judicial enforceability,” Malami said.All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from
vanguardngr 419 originated from UK, Nigeria only glamorized it.
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