Lord Nazir Ahmed was in Pakistan for a conference in the town of Haripur when he made the remarks.
In an expression of solidarity with Lashkar-e-Taiba (LeT) Chief Hafiz Muhammad Saeed, British parliamentarian of Kashmiri origin Lord Nazir Ahmed has announced a reward for the [capture] of U.S. President Barack Obama and his predecessor, George W. Bush.
He made the announcement at a reception arranged in his honor by the business community of Haripur on Friday [April 13, 2012]. Former [Pakistani] foreign minister Goher Ayub Khan, Jamiat Ulema-e-Islam-Fazl's (JUI-F) central leader Hafiz Hussain Ahmed, and [Khyber Pakhtunkhwa] Provincial Minister for Education Qazi Muhammad Asad were also present [at] the occasion.
Lord Nazir said that the bounty placed on Saeed was an insult to all Muslims, and [that] by [offering it], President Obama has challenged the dignity of the Muslim ummah.
'If the U.S. can announce a reward of $10 million for the [capture] of Hafiz Saeed, I can announce a bounty of £10 million [for the capture of] President Obama and his predecessor, George Bush,' Lord Nazir said, adding that he would arrange the bounty at any cost, even if he was left with the option of selling all his personal assets, including his house...
Hat tip: Powerline.