Michael Aondooakaa, former attorney general of the federation (AGF), says the gas contract awarded to Process and Industrial Developments Limited (P&ID) was not approved by the federal executive council.

Aondooakaa was Nigeria’s chief law officer in 2010, during the administration of Umar Musa Yar’adua, when the contract was signed.

A British court had given the company the fiat to seize Nigerian assets worth $9 billion.

In 2010, P&ID, an Irish engineering company, entered into a 20-year gas and supply processing agreement (GSPA) with the federal government to build a state-of-the-art gas processing facility in Calabar.

But the company said after spending several years preparing for the project, it collapsed because the Nigerian government did not build a pipeline or secure supply of gas as stipulated in the agreement.

It then sought judicial remedy in 2012, and in 2017, it was awarded $6.6 billion in damages – of which interest rose to $9 billion.

The process leading to the award of the contract has raised concerns with the Economic and Financial Crimes Commission (EFCC) declaring it would investigate those involved in it.

The names of Rilwanu Lukman, deceased ex-minister of petroleum and Aondooakaa have been mentioned as some of those involved in the contract.

In a report by the Nation, the former AGF said he was not aware of the deal.

“I can tell you that no such contract was brought for deliberation to the best of my knowledge “I did not see such contract and since the news broke I have been wondering how this was possible,” he said.

Abubakar Malami, attorney general of the federation, had said the deal was designed to fail because it was between P&ID and the ministry of petroleum resources which does not produce gas.

“The fact remains, you cannot sign an agreement for a product you do not have. It is against this background that there is need for a criminal investigation,’’ he said.

He also said all those behind it will be prosecuted.

The government said it would enter into negotiations with the company on the judgement.
https://www.thecable.ng/pid-gas-contract-was-not-approved-says-aondooakaa

Who are the true owners of P&ID. And which Nigerians and international players stand to benefit from this deal. They have already hired lobbyists in Nigeria,USA and UK to get a settlement paid to them, even though the CBN has no record of them spending a cent.
This is the biggest 419 scam ever pulled in the world.

ChiefkeefGB4:
Who are the true owners of P&ID. And which Nigerians and international players stand to benefit from this deal. They have already hired lobbyists in Nigeria,USA and UK to get a settlement paid to them, even though the CBN has no record of them spending a cent.
This is the biggest 419 scam ever pulled in the world.

They even have sympathizers on Nairaland. Some handles are now dedicated to blackmailing the Buhari led Federal government for not paying $850 million to the company immediately he became the president in 2015. They open thread after thread to absolve those that signed the contract without following due process and abuse the president for standing against the contract.

They don’t care about the criminal intention behind the contract. All they want is for Buhari to pay such an unreasonable amount of money to the Irish criminals and their PDP collaborators.

seunmsg:


They even have sympathizers on Nairaland. Some handles are now dedicated to blackmailing the Buhari led Federal government for not paying $850 million to the company immediately he became the president in 2015. They open thread after thread to absolve those that signed the contract without following due process and abuse the president for standing against the contract.

They don’t care about the criminal intention behind the contract. All they want is for Buhari to pay such an unreasonable amount of money to the Irish criminals and their PDP collaborators.

The company is registered in British Virgin Island a tax haven. When the settlement is eventually paid they will pay no tax on the settlement. Many international players now want a piece of the pie now the amount is $9 billion dollars because they know Nigeria will be forced into a settlement. They are international economic hitmen that prowl around 3rd world countries looking for corrupt government officials to commit treason and sell their country out. And Nigeria is paradise to them when it comes to finding fantastically corrupt government officials.
My worry is the $25 billion dollars that was signed by NNPC when Buhari was on his sick bed in London, UK. International econmic hitmen always strike when there is a power vacuum, such as this deal that was struck when Yardua was away in Saudi Arabia when he was severely ill.

Front page Lalastiscala

seunmsg:


They even have sympathizers on Nairaland. Some handles are now dedicated to blackmailing the Buhari led Federal government for not paying $850 million to the company immediately he became the president in 2015. They open thread after thread to absolve those that signed the contract without following due process and abuse the president for standing against the contract.

They don’t care about the criminal intention behind the contract. All they want is for Buhari to pay such an unreasonable amount of money to the Irish criminals and their PDP collaborators.

the blame still lies with PMB. By now, there are some people I expected to have been in jail for all the evil they committed in this country but I still see them enjoying their freedom. You Forgot that an evil you had ability to kill yesterday but didn't can kill you today or tomorrow. There is absolutely no corruption fight going on. All we see is media corruption fight.