Welcome To Mc Ebisco

$9.6b judgment: President Buhari orders EFCC, NIA, IGP to probe criminal conspiracy linked to Goodluck Jonathan’s administration


Download Mc Ebisco News App.

Now Available On:

The Federal Government has linked the contract which led to a judgement debt of $9.6billion(N3.5trillion) to the administration of ex-President Goodluck Jonathan.

President Buhari has now ordered the Economic and Financial Crimes Commission (EFCC), the National Intelligence Agency( NIA) and the Inspector-General of Police to probe the criminal conspiracy behind the failed contract.

The government said the contractor, Pocess and Industrial Developments Ltd. (P&ID) did not execute the contract. The government made the clarifications at a joint briefing in Abuja by the Minister of Information and Culture, Alh. Lai Mohammed alongside the Minister of Justice, Abubakar Malami(SAN), the Minister of Finance, Zainab Ahmed and the Governor of the Central Bank of Nigeria, Godwin Emefiele.

ALSO READ:  Ebonyi Governor Appoints 800 New Aides
Loading...

Mohammed said: “We have invited you here today to brief you on the recent judgement of a UK Court authorizing Process and Industrial Developments Ltd. (P&ID) to seize 9.6 billion dollars in Nigerian assets, over a contract entered into by the company and the Ministry of Petroleum Resources in 2010. We will quickly run you through the issues at stake as well as what the Nigerian government is doing to stave off any seizure of its assets.

ALSO READ:  Why is Buhari using Nigerian Money to Develop Niger Republic?

We do hope that by the time we conclude this briefing, the media would have been better informed on the whole issue, hence will be better placed to inform Nigerians and clear the misrepresentations in certain circles.

“The judgement that was delivered on Friday, 16 August 2019 is a fallout of the contract purportedly entered into in 2010 between the Federal Ministry of Petroleum Resources and P&ID. Please note that in the 20-year Gas Supply Processing Agreement (GSPA) purportedly entered into with the P&ID in 2010, the company never performed as agreed.”

ALSO READ:  17 Year old girl sets herself ablaze over fiance’s inability to pay N17,000 dowry demanded by her father in Zamfara

Malami also added that the ”contract was designed ab initio to fail. We investigating the criminal conspiracy”.

DOWNLOAD The Mc Ebisco News Mobile App Here

       
Loading...

Have any Question or Comment?

Leave a Reply

Loading...

Get Latest Mc Ebisco News Alert!

Enter your email address:

Delivered by FeedBurner

Read Latest News

YOU MUST READ

Loading...

Contact Us Here

Watch Mc Ebisco Comedy

Translate »