Attempt to Cheat Nigeria of Billions of Dollars: Buhari Slams P&ID at the UNGA

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SWITZERLAND, SEPTEMBER 25 – President Muhammadu Buhari has slammed British firm, P&ID, which was awarded a $8.9billion payment against Nigeria in an international judgement.

While addressing the United Nations General Assembly on Tuesday, Buhari said Nigeria ‘ is giving notice to international criminal groups by the vigorous prosecution of the P&ID scam attempting to cheat Nigeria of billions of dollars.”

The Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has disclosed that the Commission had commenced investigation into the circumstances leading to the $8.9billion arbitrary award against Nigeria by a United Kingdom Court over alleged breach of gas contract agreement between it and Process and Industrial Development Limited.

Describing the process leading to the judgment as “day light robbery”, Magu vowed that the Commission will forensically investigate the transaction and bring anyone one found wanting to justice. 

Today’s Echo gathers that the EFCC investigation has led to the arrest of some suspects, including a former Director in the Federal Civil Service, Grace Taiga.

The president also blamed the social media for the ‘spread of religious, racist, xenophobic and false messages capable of inciting whole communities against each other, leading to loss of many lives. ‘

Read excerpt from his speech below:

The world was shocked and startled by the massacre in New Zealand by a lone gunman taking the lives of 50 worshippers.This and similar crimes which have been fuelled by social media networks risk seeping into the fabric of an emerging digital culture.
Major tech companies must be alive to their responsibilities. They cannot be allowed to continue to facilitate the spread of religious, racist, xenophobic and false messages capable of inciting whole communities against each other, leading to loss of many lives.
This could tear some countries apart.
Organised criminal networks, often acting with impunity across international borders present new challenges where only collective action can deliver genuine results.

This is true in the battle against violent extremism, against trafficking in people and drugs and against corruption and money laundering.
The present Nigerian government is facing the challenges of corruption head-on. 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.

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