President Muhammadu Buhari on Tuesday ordered the Economic and Financial Crimes Commission, the National Intelligence Agency and the Inspector-General of Police, Mohammed Adamu, to launch a probe into the contract between the Federal Government and the Process and Industrial Developments Limited, signed in 2010.

The controversial contract has become the subject of a $9.6bn judgment debt imposed on Nigeria by a British court last week.

The president also directed that the contract itself should be probed with a view to identifying Nigerians involved in the signing of the deal in 2010 for possible prosecution.

The President’s decision to probe the firm and its activities was based on the fact that the Federal Government suspected foul play in the contract which was negotiated and signed under the past administration in 2010. But who are the past and present Federal Government’s officials that represented Nigeria to sign the purported contract 2010 between the Ministry of Petroleum Resources and the P&ID?

Umar Yar’Adua

The late President Umar Yar’Adua was technically at the helm of affairs when the project must have been tabled before the Federal Government. However, he was on a sick bed in faraway Saudi Arabia on January 11, 2010 when the contract was signed.

Unfortunately, the soft-spoken President is no longer alive to say what he must have known about the contract that has the capacity to lead the country to steady haemorrhage.

Goodluck Jonathan

President Goodluck Jonathan was Vice President at the time the contract was signed.

Although he was the most senior government official in the absence of his boss, he was treated as a ‘leper’ and an outsider by the ‘cabal’ that took charge of government business in the absence of Yar’Adua.

However, on the doctrine of necessity subscribed to by the National Assembly, Jonathan became the acting President on February 10, 2010 and went on to be sworn in as President on May 6, 2010 upon the demise of Yar’Adua.

Our correspondent learnt that questions were asked on the contract when Jonathan became president but they were not answered. Thus, the fire kept smouldering.

Before Jonathan quit office on May 29, 2015, P&ID and the Federal Government had agreed at a settlement fee of $850m but he decided to hand over the liability to the incoming government of President Muhammadu Buhari.

Attorney General, Michael Aondoakaa

Michael Aondoakaa was appointed the Minister of Justice and Attorney General of the Federation on July 26, 2007. He was reputed to be one of the members of the ‘cabal’ that ruled Nigeria in the absence of Yar’Adua.

It was not yet clear what role he played in the P&ID contract saga. However, as the chief law officer of the country, he was expected to review major contracts before the country could sign such document.

He lost his seat in the cabinet on February 10, 2010 – the day that Jonathan assumed power as the acting President.

Rilwan Lukman

Rilwan Lukman, an engineer, was a recurring decimal in the nation’s oil and gas industry. He was appointed Honorary Advisor to Umar Yar’Adua on energy and strategic matters in August 2007 and in December 2008, he was appointed the Minister of Petroleum Resources.

So, he was the Minister of Petroleum Resources at the time the ministry signed the contract with P&ID. However, he left the cabinet on March 17, 2010 when Jonathan dissolved the Federal Executive Council. He died on July 21, 2014.

Liyel Imoke and Cross River State

Liyel Imoke was the governor of Cross River State between May 2007 and May 2015. Although the GSPA contract was a federal project, his administration might have played some outsider role in the project. As of the press time, it was not certain what role the state government under him played.

Mansur Mukhtar

Dr Mansur Mukhtar, economist and experienced technocrat in both the public private sector, was Minister of Finance at the time the deal with the Process and Industrial Development Limited was signed.

The former Director General of Debt Management Office was appointed the Finance minister by the late President Umar Yar’Adua on December 17, 2008.

As the Chief Finance Officer of the country, a major financial transaction should not scale through without passing through his table.

The Federal Ministry of Finance Incorporated through which the government must have acquired 10 per cent equity in P&ID is also under the purview of the Ministry of Finance.

Mukhtar left the government in March 2010 when Jonathan dissolved the cabinet.

Lamido Sanusi

Lamido Sanusi was the governor of the Central Bank of Nigeria at the time the Federal Government entered into the contract with P&ID on January 11, 2010.

It could not be determined what role he must have played when the contract was signed. However, it is usual for the chief banker of the nation to be aware of contracts that will commit the nation to foreign exchange transactions.

Sanusi, who became Muhammadu Sanusi II, the 14th Emir of Kano, was appointed governor of CBN on June 3, 2009. He was suspended from the apex bank by President Jonathan on February 20, 2014 in controversial circumstances.

Buhari and AGF Abubakar Malami’s role

President Buhari inherited the controversial contract when he assumed office on May 29, 2015. The controversy that surrounds it could have been settled by him with good negotiation.

However, he must have been too busy with preliminaries of taking over power to be bothered about settling a project that was not executed with $850m.

The President also failed to appoint a minister to take charge of legal affairs until November 2015.

An official of the Ministry of Justice had told a London court that the handover to a new government was responsible for the delay in implementing decisions reached with the P&ID.

Malami is the current Minister of Justice and Attorney General of the Federation. He has been in charge of the contract suit since he assumed office.

Although he assumed office when the arbitration had awarded the $9.6bn judgment to the P&ID, the company accuses him of ignoring an offer of $850m to settle the case out of arbitration.

Malami has promised that everyone that led the country to the alley would be punished.

Source; https://punchng.com/faces-behind-deal-that-landed-nigeria-in-9-6bn-mess/amp/

SEE MORE PHOTOS >> https://gistmore.com/faces-behind-deal-that-landed-nigeria-in-9-6bn-mess

God, this is very ridiculous.

What an irony. The people that neglected to settle are those probing.

Interesting

And so?!
Is this the reason Buhari developed 2 extra legs "in Japan" ?


[img]http:///media/12-24-2016/E1c7QP.gif[/img]

The only face that should be up there is that of Buhari who refused to honour the initial agreement and pay pittance(compared to what we'd pay now) He did this in 1984 to the Lagos rail project started by Pa Jakande and he has repeated it again.


In a sane society, Buhari should have been confined to the bush with 3 cows(he can't manage more than 3) and a stick. A man who does everything with sentiment, instead of logic will fail, always.


To the brainless clowns defending the zombie in chief for putting us in this debt, this is for yall��

https://www.nairaland.com/5389571/buhari-not-jonathan-blamed-9bn

If you have this kinda formation in your football team,there's no match you won't win.

DIKEnaWAR:
[s]The only face that should be up there is that of Buhari who refused to honour the initial agreement and pay pittance(compared to what we'd pay now) He did this in 1984 to the Lagos rail project started by Pa Jakande and he has repeated it again.


In a sane society, Buhari should have been confined to the bush with 3 cows(he can't manage more than 3) and a stick. A man who does everything with sentiment, instead of logic will fail, always[/s].

Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS

chess game. continue playing us

Buhari slow motion cause the problem, president Jonathan had passed the bill to b settled at $800million

Since the current president couldn't act on it they will have to pay more

Oboy! Some mess expensive o. $9.6bn mess. Wetin I just dey blow for free as I go piss this morning.

So buhari and yaradua are also among.........no wonder apc and her zone Bs are not dragging goodluck jonathan ryt now

abeniagbon:
Buhari slow motion cause the problem, president Jonathan had passed the bill to b settled at $800million

Since the current president couldn't act on it they will have to pay more

So if you are just sworn in as president, the first thing you'll do is to pay 800 million dollars for a project that was never executed.

800 million dollars! Out of the economy of a country in recession. Oga, think deeply.

Nigeria is not paying that silly fine for one useless abstract dagbo project put together by internal saboteurs and their willing foreign counterparts.

No need to be talking conclusively. The whole thing will be renegotiated.

The only face that should be there is Buhari!!!!! FACT

Hmmmm

Why sign an agreement/deal with such strident conditions that you don't intend to honour in the first place?? That is madness!!

However, on the doctrine of necessity subscribed to by the National Assembly, Jonathan became the acting President on February 10, 2010 and went on to be sworn in as President on May 6, 2010 upon the demise of Yar’Adua.

Our correspondent learnt that questions were asked on the contract when Jonathan became president but they were not answered. Thus, the fire kept smouldering.

A question was asked by a Commander in Chief of Armed forces. And it was not answered. Perhaps he was more concerned with his own looting agenda

alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS

So U are blind to see atleast he salvaged some sort of arrangement by agreeing to a settlement abi? What exactly did hero do with dat settlement already agreed?

agabusta:


So if you are just sworn in as president, the first thing you'll do is to pay 800 million dollars for a project that was never executed.

800 million dollars! Out of the economy of a country in recession. Oga, think deeply.

Nigeria is not paying that silly fine for one useless abstract dagbo project put together by internal saboteurs and their willing foreign counterparts.

No need to be talking conclusively. The whole thing will be renegotiated.

But it was okay to give questionable bailouts to states who hadn't accounted for how dey blew their allocations and most of who are still owing their workers salaries ryt? It was okay to quickly agree to pay questionable percentage to some so called solicitors for an Abacha loot abi?

The people who originally signed the deal are at faulty. Buhari govt only inherited the problem

agabusta:


So if you are just sworn in as president, the first thing you'll do is to pay 800 million dollars for a project that was never executed.

800 million dollars! Out of the economy of a country in recession. Oga, think deeply.

Nigeria is not paying that silly fine for one useless abstract dagbo project put together by internal saboteurs and their willing foreign counterparts.

No need to be talking conclusively. The whole thing will be renegotiated.

But he paid some billions to Marwa immediately he assumed office.. so was this one a big deal for him?

ok

As long as I see food and shelter, NAIJA matter no concern me, it’s a lost cause already.

alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS

Isn't that what happened?

Some of us can remember o.

Maybe you have forgotten how documents were being ferried to Saudi Arabia for signature!

Well, we haven't.

agabusta:


So if you are just sworn in as president, the first thing you'll do is to pay 800 million dollars for a project that was never executed.

800 million dollars! Out of the economy of a country in recession. Oga, think deeply.

Nigeria is not paying that silly fine for one useless abstract dagbo project put together by internal saboteurs and their willing foreign counterparts.

No need to be talking conclusively. The whole thing will be renegotiated.

when they start seizing out assets hope u go get mouth

alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS

Keyword you used: 'second in command'

It is funny how things play out.

We feed, clothe and nurture our body and it grows, flourishes and remain Strong even though the body is temporal.... It decays in a matter of months with serious offensive smell.

The Human Soul that is eternal is however neglected.

Many souls are weak, naked and miserable because we feed it with poisons.

What are you feeding your souls with? Nude pictures?

Immoralities? hatred? Malice? and all unrighteousness.

If your answer is yes, You are very vulnerable in the spiritual world.... eternity awaits your miserable soul.

The remedy is to allow God, through his son, feed your soul with his righteousness and holiness.

You can be holy no matter how terrible you are now..

Holiness is of God and nothing is impossible with him.

Accept Jesus, he is waiting to cleanse you. Your sins are not bigger than the blood of the lamb.

Accept Jesus as your savior today and he feeds your soul into eternal rest.

Jesus loves you.