“We are giving notice to international criminal groups by the vigorous prosecution of the P&ID scam attempting to cheat Nigeria of billions of dollars.” Nigeria
President Muhammadu Buhari Tuesday said the Process and Industrial Developments Limited contract with the Nigerian government was a"scam" aimed at cheating the country of"billions of dollars".
Media reports quoted government officials as saying the contract was signed while late president Umaru Musa Yar’Adua was critically ill and Goodluck Jonathan was acting president. Jonathan has since denied any knowledge of the contract. The contract also stated that the government would install the necessary pipelines and infrastructure and receive the lean gas free of charge to power Nigeria’s fragile national grid, the company said.
“Although during the arbitration Nigeria claimed to be interested in reaching an amicable settlement with P&ID, in fact Nigeria never made a serious offer and it became clear that Nigeria was attending settlement discussions only to delay the proceedings. Attorney-General Abubakar Malami says the contract was signed with no clear terms and conditions and that it “was engineered to fail” and defraud Nigeria, a claim reechoed by President Buhari on Tuesday.
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