WE HAVE STARTED INVESTIGATING P&ID GAS DEAL- EFCC

By Godson Ikiebey- 

The chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu had said that the agency has begun investigations into the Process and Industrial Development Limited (P&ID) gas processing contract.

You will recall that a British court had given P&ID the go-ahead to seize Nigerian assets worth $9 billion because Nigeria did not meet its end of the bargain.

Speaking on Friday, August 23, 2019 while hosting a delegation from the Nigerian Diaspora Commission led by its chairman, Abike Dabiri-Arewa, the EFCC chairman described the process leading to the judgment as “day light robbery”.

He vowed that the commission will forensically investigate the transaction and bring anyone one found wanting to justice.

On Thursday, August 22, 2019, Abubakar Malami, the minister of justice and attorney general of the federation, had said all the people involved in the approval of the gas processing deal with P&ID will be prosecuted. The minister had said: 

“As a government that has the mandate of the people, and their interests at heart, we shall not fold our arms and allow this injustice to go unpunished as all efforts, actions and steps shall be taken to bring to book all private individuals, corporate entities and government officials – home or abroad and past or present – that played direct and indirect roles in the conception, negotiation, signing, formation as well as prosecution of the purported agreement”. 

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