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Malami defends planned payment of hundreds of billions of naira to debt recovery agent
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Nigeria, Nov. 27 -- The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has defended the decision of his office to approve payment of five per cent of recovered sums as commission to an international company, Trobell Limited.
The contract is in respect of the government's effort to recover over $62 billion the government said some multinational oil companies owe Nigeria.
The debt claim arose from unremitted funds from the production sharing contracts (PSCs) signed between Nigeria and oil multinationals.
President Muhammadu Buhari had expressed consternation over the contract with Trobell Limited and directed the minister to suspend the contract, describing the agreed commission as excessive. The president, ...
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