Tinubu’s Minister Reveals How Nigeria Secured Victory Over P&ID
- The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, has revealed how Nigeria secured victory over P&ID
- Fagbemi said Nigeria's victory was made possible due to a close inter-agency collaboration of the federal government team
- He mentioned the Attorney General of the Federation, Federal Ministry of Justice, EFCC, Police and CBN, among others
FCT, Abuja - The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, said Nigeria’s victory over Process & Industry Development (P&ID) Limited at a court in London, United Kingdom served as an indictment of predatory international investors.
Fagbemi stated this while briefing State House correspondents at the Presidential Villa, Abuja on Monday, October 23, Daily Trust reported.
Source: Facebook
He said the P&ID and its associates shamelessly attempted to defraud Nigeria and enrich themselves through sharing the country’s privileged documents, fraud, bribery and corruption on an industrial scale.
Tinubu’s minister attributed Nigeria’s success at the Business and Property Court in London to a close inter-agency collaboration of the federal government team.
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According to Fagbemi, the team include the Attorney General of the Federation, the Federal Ministry of Justice, Economic and Financial Crimes Commission (EFCC), Nigerian Police Force(NPL), Central Bank of Nigeria (CBN).
Others are Ministry of Petroleum Resources, the Nigerian National Petroleum Company Limited (NNPCL), Department of State Security Service (DSS) and the Nigerian Financial Intelligence Unit (NFIU).
According to The Sun, Fagbemi disclosed that several P&ID agents reached out to Nigerian government for settlement but the Tinubu’s administration turned it down.
“It is imperative to point out that several agents of P&ID made overtures even as at last week to the Federal Republic of Nigeria for settlement on this case, however, the resolve of the administration of President Bola Ahmed Tinubu not to go hand in gloves with fraudulent counterparties or condone corruption informed the position of the Federal Republic of Nigeria to hold fast to its position, not to settle.”
Tinubu reacts as Nigeria wins P&ID case in UK court
In an earlier report, Legit.ng reported that President Bola Ahmed Tinubu commended the landmark victory of the Federal Government over the Process & Industrial Development (P&ID) Limited at the Business and Property Court in London, United Kingdom.
Tinubu applauded the UK Court for prioritizing the merits of the case above all other considerations.
This was contained in a statement issued by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale on Wednesday, October 23.
Massive victory as Nigeria wins P&ID case in UK court
Legit.ng also reported that Nigeria emerged victorious in its legal battle against Process & Industrial Developments (P&ID) Limited in a London court on Monday, October 23.
The judgment was delivered after five years of legal frameworks, which have finally been to the advantage of Nigeria, as the court squashed the $11 billion arbitration award in favour of P&ID.
In its judgment delivered by e-mail, Robin Knowles, the Justice of the Commercial Courts of England and Wales, upheld Nigeria’s prayer on the ground that the ill-fated gas processing contract was obtained by fraud.
Source: Legit.ng
