Nigeria signed a contract with a foreign company P&ID to help in the processing of its gas. Grace Taiga, the petroleum ministry’s former head lawyer, worked on the wordings of the contract and made the then Petroleum Minister, late Rilwanu Lukman, under the administration of Musa Yaradua to sign the multi billion contract.

Under the contract, Nigeria was to supply the wet gas for 20 years and P & ID was to process it. P & ID never fulfilled its own part of the deal and Nigeria never supplied the wet gas. P&ID took Nigeria to an arbitration pabel, claimed that Nigeria has wronged it. The panel awarded the cost of 6.6billion USD against Nigeria with a daily interest of 1.3million USD during the Buhari administration. Buhari refused to pay and appeal to the UK High Court.

It was later discovered that Grace Taiga that worded the contract had collected 10k USD from the co-founder of P&ID and she would even benefit financially to the tune of 200k to 500k USD if Nigeria pays the damages!. She first denied this amount in a sworn affidavit before admitting in high court and she just called it a "gift". There are other 2 Nigerians who acted as middle men, who will be entitled to 1.3Billion USD and 340million USD, if Nigeria pays the company the damages.

The UK high court has finished hearing the case in March this year. The damage to be paid by Nigeria has risen to 11billion USD. Nigeria is claiming that the contract was fraudulently signed, and Grace Ataiga collecting money from the company was a pointer to the scam.

One analyst stated that "The story of how a small offshore company with no meaningful track record, no website, and only a handful of employees managed to win a multibillion-dollar gas contract raises red flags for corruption that call for careful scrutiny" and another analyst says that paying the damage "may take us back to the pre-1999 military era, when Nigeria wasn’t creditworthy".

This is a sad tale of Nigerians selling off their country for financial gains. Nigeria is waiting for the judgement

https://www.aljazeera.com/features/2023/9/22/revealed-ex-nigerian-govt-official-to-share-in-11bn-gas-scandal-damages

Hahhaa people who know more than us

MT:
Nigeria signed a company with a foreign company P & ID to help in the processing its gas. Grace Taiga, the petroleum ministry’s former head lawyer, worked on the wordings of the contract and made the then Petroleum Minister, late Rilwanu Lukman, under the administration of Musa Yaradua to sign the multi billion contract.

Under the contract, Nigeria was to supply the wet gas for 20 years and P & ID was to process it. P & ID never fulfilled its own part of the deal and Nigeria never supplied the wet gas. P&ID took Nigeria to an arbitration pabel, claimed that Nigeria has wronged it. The panel awarded the cost of 6.6billion USD against Nigeria with a daily interest of 1.3million USD during the Buhari administration. Buhari refused to pay and appeal to the UK High Court.

It was later discovered that Grace Taiga that worded the contract had collected 10k USD from the co-founder of P&ID and she would even benefit financially to the tune of 200k to 500k USD if Nigeria pays the damages!. She first denied this amount in a sworn affidavit before admitting in high court and she just called it a "gift". There are other 2 Nigerians who acted as middle men, who will be entitled to 1.3Billion USD and 340million USD, if Nigeria pays the company the damages.

The UK high court has finished hearing the case in March this year. The damage to be paid by Nigeria has risen to 11billion USD. Nigeria is claiming that the contract was fraudulently signed, and Grace Ataiga collecting money from the company was a pointer to the scam.

One analyst stated that "The story of how a small offshore company with no meaningful track record, no website, and only a handful of employees managed to win a multibillion-dollar gas contract raises red flags for corruption that call for careful scrutiny" and another analyst says that paying the damage "may take us back to the pre-1999 military era, when Nigeria wasn’t creditworthy".

This is a sad tale of Nigerians selling off their country for financial gains. Nigeria is waiting for the judgement now

https://www.aljazeera.com/features/2023/9/22/revealed-ex-nigerian-govt-official-to-share-in-11bn-gas-scandal-damages

And these Nigerians have not been decapitated yet? What is government waiting for?

Eniitankorede:





And these Nigerians have not been decapitated yet? What is government waiting for?

It is just very sad. Profiting from the misfortune of your own country. I can bet the lawyer must have intentionally created loopholes in the contract for the company to exploit, so that they can claim damages even when they did NOT do any job. And the Minister just signed without reviewing the contract.

Very pathetic

MT:


It is just very sad. Profiting from the misfortune of your own country. I can bet the lawyer must have intentionally created loopholes in the contract for the company to exploit, so that they can claim damages even when they do NOT do any job. And the Minister just signed without reviewing the contract.

Very pathetic

How they are allowed to continue to breath on this earth beats my imagination.

Who are those two Nigerians nah,so they don't have names,abi?

If it is Deziani Allison Madueke or Stella Oduah or Ngozi Okonjo Iweala or the Peter Obi, AHHHHHH, coneheaded structures would've turned everywhere to hyena nightclub!!!!

And again,how many people know that the late petroleum minister Rilwanu lukman had an oil well?!!!

Nobody knows....but they know Deziani Allison Madueke very well even up to her bra!!!!!

AfonjaConehead:
Who are those two Nigerians nah,so they don't have names,abi?

If it is Deziani Allison Madueke or Stella Oduah or Ngozi Okonjo Iweala or the Peter Obi, AHHHHHH, coneheaded structures would've turned everywhere to hyena nightclub!!!!

And again,how many people know that the late petroleum minister Rilwanu lukman had an oil well?!!!

Nobody knows....but they know Deziani Allison Madueke very well even up to her bra!!!!!

The other two are the businessmen Adetunji Adebayo and Mohammed Kuchazi.

MT:


The other two are the businessmen [b] Adetunji Adebayo and Mohammed Kuchazi.[b]

You see!!!!

Nobody will hear pim!!! Nobody will hear anything!!!

But let it be an Igbo person or Igbo people!

Imagine Nigeria that currently has less than $4b in forex paying more than $11b. Where's the money going to come from?? The judge that made that judgement in the first place must be a criminal himself.

The judgement can never be enforced.