P&ID: How Nigeria’s Attorney General’s Failure To Negotiate Debt Attracted Compounded Interest
By SaharaReporters The failure of Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, to successfully negotiate an arbitral award with Process and Industrial Developments Ltd, has placed Nigeria at the receiving end of losing up to 20 per cent of the country’s foreign reserve, a monetary sum of over $9bn. A 2010 contractual agreement between