Abubakar Malami, Nigeria’s Attorney General of the Federation (AGF) and Minister of Justice, claims that the justice system saved the nation’s economy from utter collapse, which would have occurred if P&ID had been successful in executing an arbitral award of more than $10 billion.
According to the AGF, the ministry’s numerous recoveries had a significant impact on keeping the economy afloat.
Speaking at the Federal Ministry of Justice’s maiden top management retreat over the weekend in Kano, Malami claimed that the $311 million in recovered cash had been invested in crucial infrastructure projects like the Abuja-Kano and Lagos-Ibadan expressways as well as the second Niger bridge.
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“On economic front, we have been able to save our economy from total collapse, which would have been brought about if the P&ID had succeeded in enforcing an arbitral award of over US$10billion.
“We have also ensured the restoration of our country to the path of growth and development through the settlement of the multibillion-dollar adverse claims on the Ajaokuta steel plant.
“Our asset recovery drive has secured the sum of US$322million, which enabled the federal government to embark on empowerment programmes, which have taken over 100million persons out of poverty as part of the national social investment programmes,” he added.
https://dailytrust.com/malami-nigerias-economy-wouldve-hit-total-collapse-if-not-justice-sector
