If Nigeria had lost P&ID case, it would have cost us $15bn

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 69%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The Nation Newspaper If Nigeria had lost P&ID case, it would have cost us $15bn – Buhari

has stated that if the country had lost its arbitration dispute with Process & Industrial Development , it would have cost the country close to $15 billion.

In a judgment delivered by Justice Robert Knowles, it was held that the process through which P&ID secured a 2010 contract to build a gas processing plant in Calabar, Cross River State, was fraudulent. “But ordinary Nigerians never took the decisions that ended up before Justice Knowles. Had Nigeria lost, it would have required schools not to be built, nurses not to be trained and roads not to repaired, on an epic scale, to pay a handful of contractors, lawyers and their allies – for a project that never broke ground.

“It was clear that far from the whole story had been told. I tasked Abba Kyari, my chief- of-staff and Attorney General of the Federation, Abubakar Malami, with finding a way, even at that late stage and despite so much conflicting advice, to get us a fair hearing. Working with a number of different agencies and senior officials of government, we began to find a huge amount of evidence, not all of which Justice Knowles was to accept. But he agreed that P&ID had paid bribes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria better prepared to contain COVID-19, othersThe Nation Newspaper Nigeria better prepared to contain COVID-19, others - FG
Source: TheNationNews - 🏆 6. / 69 Read more »

SMBLF urges Tinubu to address sliding naira, demands restructure of NigeriaThe Nation Newspaper SMBLF urges Tinubu to address sliding naira, demands restructure of Nigeria
Source: TheNationNews - 🏆 6. / 69 Read more »

The passable view of roads in Southwest NigeriaThe Nation Newspaper The passable view of roads in Southwest Nigeria
Source: TheNationNews - 🏆 6. / 69 Read more »

Injured Osimhen back in NigeriaThe Nation Newspaper Injured Osimhen back in Nigeria
Source: TheNationNews - 🏆 6. / 69 Read more »

Supreme court ruling: Tinubu ‘ll now focus on Nigeria’s challengesThe Nation Newspaper Supreme court ruling: Tinubu ‘ll now focus on Nigeria’s challenges - Adeleke
Source: TheNationNews - 🏆 6. / 69 Read more »

Alienation and elite dissonance in post-military NigeriaThe Nation Newspaper Alienation and elite dissonance in post-military Nigeria
Source: TheNationNews - 🏆 6. / 69 Read more »