P&ID Gas Contract: EFCC Opens Investigation Into $8.9billion UK Court Award Against Nigeria

The Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu today, Friday, August 23, 2019, disclosed that the Commission had commenced investigation into the circumstances leading to the $8.9billion arbitral award against Nigeria by a United Kingdom Court over alleged breach of gas contract agreement between it and Process and Industrial Development Limited. Describing the process leading to the judgment as "day light robbery", Magu vowed that the Commission will forensically investigate the transaction and bring anyone one found wanting to justice. He spoke while playing…

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Source	EFCC
Collection	Anti-corruption and elections
Kind	Document
Publisher	Economic and Financial Crimes Commission (EFCC)
Date	2019-08-26
Type	press-release
Found at	https://www.efcc.gov.ng/news/p-id-gas-contract-efcc-opens-investigation-into-8-9billion-uk-court-award-against-nigeria
Archived copy	Look it up in the Wayback Machine
Record ID	`efcc:news:7456`

Cite this record

P&ID Gas Contract: EFCC Opens Investigation Into $8.9billion UK Court Award Against Nigeria. EFCC, 2019. Vero Archive, record efcc:news:7456.