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Sylva, OPEC, Nigeria

Sylva to Reps: We’ll not pay P&ID’s $9.6bn fine

Tordue Salem – Abuja The Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday the Federal Government would not pay the $9.6billion judgment fine to Process and Industrial Developments Limited (P&ID). A British Court judgment had slammed the fine on the federal government in favour of the Virgin Islands-registered company, earlier this year.
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