Tinubu Celebrates UK Court’s Decision on $11bn P&ID Debt
Hey there, middle schoolers! Guess what? President Bola Tinubu is super happy because a court in the United Kingdom said Nigeria doesn’t have to pay $11 billion! Woohoo!
So, here’s the deal. This whole thing started way before President Tinubu’s time. The government of Nigeria had this case against them for many years. But guess what? They handled it really well and made sure to do everything legally to win the case.
And you know what’s amazing? Nigeria actually saved $11.6 billion because of this court decision! That’s a lot of money, right?
During a meeting called the Federal Executive Council, President Tinubu and his team got the news that they won the case. Can you imagine how happy they were? It was a delightful moment for them!
President Tinubu is all about getting things done quickly and responsibly. He wants to make sure that Nigeria is taken care of in the best way possible.
Let me tell you what happened. There was this company called Process and Industrial Developments (P&ID) that sued Nigeria for $11 billion. But a court in London said, “Nope, Nigeria doesn’t have to pay that much money.” The judge said it was a bad decision to ask for so much money.