AGF say Nigeria’s best option was to negotiate with P&ID – Independent Observers

AGF say Nigeria’s best option was to negotiate with P&ID

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By Danladi Al-Hassan

Abubakar Malami (SAN), the Attorney-General of the Federation, on Sunday said the Federal Government at a point decided to negotiate with Process and Industrial Developments Limited (P&ID), despite being aware that the contract for which a United Kingdom court had ordered the firm to seize $9.6bn in Nigerian assets was fraudulent, because at the inception of the present administration, there was already an award and the timeline for government to appeal had elapsed.

Malami, at a press conference in Abuja, said since the previous government of Dr Goodluck Jonathan did not appeal, the option left for the administration as of the time was to negotiate, despite its reservations about the contract.

He also said the previous administration and the lawyers it hired should be blamed for the court case instituted on the matter in a Nigerian court, which was struck out due to lack of diligent prosecution.

“Even if, indeed, any case was struck out, it was out at a time when lawyers engaged by the previous administration were in charge,” he said.

Malami said the ongoing investigation into the matter is intensive and extensive and there was no limitation on who can be invited for questioning by the relevant security agencies.

He said those to be probed include those who were involved in drafting and signing of the agreement, conduct, trial and “other personalities of interest.”

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