EFCC also established that a now-deceased petroleum minister broke the law by signing the contract without proper approvals and protocol.
A London High Court judge Monday granted Nigeria’s request to overturn an award that would have required Nigeria to pay $11 billion over a failed gas project. The judge found that the contract was obtained through fraud.
Nigeria was to supply the gas for free over 20 years and the two parties would split the processed resources. But Nigeria never provided the promised gas, and the plant was never built. The anti-graft agency later indicted Grace Taiga, a former petroleum ministry lawyer for taking bribes related to the P&ID gas contract. It also accused Ms Taiga of corrupt practices and intent to defraud.
In a court ruling on Monday, Judge Robin Knowles confirmed based on the EFCC investigation that P&ID had paid bribes to Ms Taiga in connection with the gas contract signed in 2010, and had failed to disclose this when it later took Nigeria to court over the collapse of the deal. President Bola Tinubu described the judgement as a blow against economic malpractice and the exploitation of Africa.
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