The Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has inaugurated a committee to audit agreements or MoU on Accelerated Gas Development Projects (AGDPs).
Chaired by Mr Olasupo Shasore, SAN, the committee is tasked with guiding the government to avoid a repeat of the nation’s most unpleasant experience in the P&ID case which originated from one of such AGDPs.
At the inauguration was the Permanent Secretary of the Federal Ministry of Justice (FMoJ), Mrs Beatrice Jeddy-Agba.
The committee which has a timeline of three months, has Mrs. Folashade Alli, SAN, FCIARB; Mr. Tolu Obamuroh, Olaniwun Ajayi LP – represented by Muyiwa Balogun; General Counsel & Company Secretary, NNPCL; Secretary & Legal Adviser of NUPRC; Director, Civil Litigation and Public Law (FMoJ), Mrs Memuna Shiru; and Director, Solicitors Department (FMoJ), Mrs Gladys Odegbaru, as members.
Earlier, Fagbemi inaugurated a committee for the review of Bilateral Investment Treaties and Nigerian Investment Promotion Commission Act.
“The Committee will keenly review the AGDP Agreements with a view to ensuring avoidance of potential landmines or other forms of liability and achieving a final closure against predatory investors.
“The Committee’s assignment will also provide proper legal and commercial guidance that will enable the government to effectively harness the nation’s huge gas resources in line with the Nigerian Gas Master Plan to promote domestic gas revolution,” he said.