HED: Nigeria traces $9.6 billion financial hit back to $390,000 in alleged bribes - Premium Times Nigeria

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HED: Nigeria traces $9.6 billion financial hit back to $390,000 in alleged bribes

The amount, one of the biggest UK arbitration awards ever, was based on the loss of two decades of presumed profits plus $1.2 million per day in interest since the project went bust.

Malami alleges that P&ID indirectly paid more than $300,000 to a company connected to Taofiq Tijani, the chairman of a government technical committee that reviewed the contract. P&ID also gave Tijani $94,000, much of it in cash, Malami told the court. Tijani also told investigators that Hitchcock gave him another $44,000 to “support” his children’s weddings, with some of the money coming through a company controlled by Michael Quinn’s son.

Nolan and Adam Quinn were charged last October with money laundering and tax evasion in connection with the alleged bribery case. Nigeria’s anti-corruption commission determined that Lukman broke the law by signing the P&ID contract. It found that he lacked authority to approve the deal and did no due diligence on the company. The company lacked legally required approvals from the Bureau of Public Procurement and National Petroleum Investment Management Services and didn’t register the deal with the National Office for Technology and Promotion.

Taiga was scheduled to retire in September 2010, but she inexplicably remained in her position for another 16 months as the P&ID contract was being finalized, Malami said in his statement.Nigeria’s President, Muhammadu Buhari, has flatly rejected the British court ruling. In a 2019 speech to the United Nations, he slammed P&ID as a “scam… attempting to cheat Nigeria out of billions of dollars.

 

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WilliamsFolu I Long said Late Railwan Luqman was the Min of Petroleum who facilitated the P&ID deal..Sad he’s no longer alive to defend|proffer reasons why he violated FG procurement process for the benefit of an Irish Man..

I have seen people being retained in MDAs beyond retirement age/exit time & truth is that it was always the very corrupt and inept public servants that enjoy such a favour. The good ones I usually hurried or even pushed out.

We should never allow politicians or high-ranking civil servants to change the rules at any time. There should be nothing like extension of service years. When people reach top positions they should have fixed years to prevent the abuse of office/power.

Going by the story, a civil servant was supposed to have retired but was left in service for 16 months in order to conclude the fraudulent deal before exiting service. This caught my attention as very often we see these things happen. The rule should be rule & never overturned

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