The Faces behind deal that landed Nigeria in $9.6bn debt
President Muhammadu Buhari on Tuesday ordered the Economic and Financial Crimes Commission, the National Intelligence Agency and the Inspector-General of Police, Mohammed Adamu, to launch a probe into the contract between the Federal Government and the Process and Industrial Developments Limited, signed in 2010.
The controversial contract has become the subject of a $9.6bn judgment debt imposed on Nigeria by a British court last week.
The president also directed that the contract itself should be probed with a view to identifying Nigerians involved in the signing of the deal in 2010 for possible prosecution.
The President’s decision to probe the firm and its activities was based on the fact that the Federal Government suspected foul play in the contract which was negotiated and signed under the past administration in 2010. But who are the past and present Federal Government’s officials that represented Nigeria to sign the purported contract 2010 between the Ministry of Petroleum Resources and the P&ID? (Punch)
The controversial contract has become the subject of a $9.6bn judgment debt imposed on Nigeria by a British court last week.
The president also directed that the contract itself should be probed with a view to identifying Nigerians involved in the signing of the deal in 2010 for possible prosecution.
The President’s decision to probe the firm and its activities was based on the fact that the Federal Government suspected foul play in the contract which was negotiated and signed under the past administration in 2010. But who are the past and present Federal Government’s officials that represented Nigeria to sign the purported contract 2010 between the Ministry of Petroleum Resources and the P&ID? (Punch)
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