The Nation Newspaper $11bn P&ID judgement debt: How Nigeria can avoid contract scam
Miffed by what he described as system failure arising from the now infamous $11billion judgement debt suit filed against Nigeria by the Process & Industrial Developments Limited , Chief Moses Adediran, a lawyer and erstwhile director at the said if there were proper checks and balances the country would have been saved the embarrassment in the first place.
According to him, there is a need to prevent the country from falling into such booby traps in the future. “Going forward, it is important for policymakers to be properly guided because when you look at the fact of that case, what P&ID went to court for it was that they had a contract and there were some preliminary things that ought to be done before they can negotiate the contract and that is the supply of gas by Nigeria when indeed they had fulfilled their own obligations.
Adediran who enumerated the different categories of contracts said, “Most times some of these donor-agencies or investors knowing full well that you hold the short end of the stick as a struggling nation, they force you to either sign some contracts with obnoxious terms, or you leave. Then you have the one that people will consciously know what is wrong but then they will put their hands into it because of benefits that may accrue to them.
“If you at the P&ID contract there were supposed to be exchanges between both parties but everything was opaque either deliberately by those who were involved ostensibly for their own selfish aggrandizement. So, it is that kind of pitfall that we should guard against in the near future.” He was however quick to admit that there are people with corrupt tendencies who may be persuaded to defraud the system, for such persons, he would rather they be put in check. “The only way we can put paid to all these issues of infractions and corruption plaguing us as a nation is for those we put in charge of critical assignments to be properly scrutinised to ensure that they live above board.
While disagreeing that there are no consequences he would rather such punishments are swift and not unnecessarily bogged down by bureaucratic bottlenecks as have been the case in most of the time.
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