The Institute of Chartered Mediators and Conciliators is calling
on the Federal Government of Nigeria and the representatives of the
P&ID to explore the use of mediation to resolve the $9.billion
dispute.
The President of the Institute, Chief Emeka J.P Obegolu, FICMC,
made this call on Monday, stating the Institute of Chartered
Mediators and Conciliators (ICMC) has been following the lingering
controversy surrounding the business relationship between the
Federal Government of Nigeria and Process and Industrial
Development Ltd that led to the award of $9.6 Billon by a British
Arbitration Tribunal against the Federal Government of Nigeria and
in favour of P&ID and the subsequent litigation before the High
Court in the United Kingdom where the recognition and enforcement
of the award is being sought.
“ICMC notes, with concern, that parties are currently digging
into their positions and expending humongous amount of money in
defence of their positions. As a corporate citizen of Nigeria and a
professional Peacebuilding/Dispute Resolution Institute, with the
mandate to promote alternative means of dispute resolution in
commercial transactions with a view to restore parties to their
pre-dispute relationships, ICMC calls on the Federal Government of
Nigeria and the representatives of the P&ID Ltd to, without
further delay, commence mediation of the dispute in good faith with
a view to amicably resolve the dispute and restore the mutually
beneficial relationship created by the contract subject matter of
the dispute.
“The Institute is suitably positioned to assist in the
resolution of this dispute professionally, and we HEREBY offer our
PRO BONO mediation services as our contribution to the resolution
of this impasse.
“The Institute of Chartered Mediators and Conciliators (ICMC) is
offering her services and expertise to the disputing parties to
jointly seek an amicable and enduring resolution to this
impasse.
“The Institute believes that with GOOD FAITH from both parties,
this dispute can be amicably resolved.”
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