$9.6bn Judgment Debt: President Buhari have ask EFCC, NIA to probe 2010 contract

President Muhammadu Buhari has directed the Economic and Financial Crimes Commission, the National Intelligence Agency and the Inspector General of Police to conduct a thorough investigation into Process and Industrial Developments Ltd which was recently asked by a UK court to seize $9.6 bn dollars in Nigerian assets.

The Minister of Information and Culture, Lai Mohammed, disclosed this at a press conference in Abuja on Tuesday.

Mohammed said the decision was based on the fact that the Federal Government suspected foul play in the contract which was negotiated and signed in 2010.

Mohammed, however, said despite the court judgement, Nigeria was not about to lose any of its assets.

Mohammed was joined at the press conference by the Attorney General of the Federation, Abubakar Malami (SAN); Minister of Finance, Budget and National Planning, Zainab Ahmed; and the Governor of Central Bank of Nigeria, Godwin Emefiele. ( Punch)