A SENIOR Advocate, Olisa Agbakoba, has hinted that Nigeria’s potential liabilities on contract awards exceeded the country’s total foreign reserves.
He said this on Monday, October 30, when he appeared as a guest on the Arise TV programme, ‘The Morning Show,’ to review the retiring Justice Musa Dattijo’s valedictory speech, which continues to generate interest among lawyers and the general public.
Responding to a question on the Process & Industrial Development (P&ID) case favouring the Nigerian government, Agbakoba said the country was deeply indebted to contract awards cases.
“As I speak, our liabilities on potential awards exceed our foreign reserves.
“There are a thousand other cases. This [the P&ID case] is not the only one. This is the popular one. There are so many cases around the world against Nigeria,” the renowned SAN said.
Source : ICIR