32 C
Lagos
Wednesday, December 2, 2020

P&ID: U.S judge okays Nigeria’s request to access bank records of Jonathan, Diezani others

Must Read

President Buhari Endorses Osagie Ize-Iyamu As APC Candidate For Edo Election

President Muhammadu Buhari has endorsed Pastor Osagie Ize-Iyamu as the candidate of the All Progressives Congress (APC)...

Kwara gov’s wife offers to help Risikat, abandoned blue-eyed mom, daughters

Olufolake Abdulrazaq, the wife of Kwara State Governor, has offered to help the blue-eyed Kwara mom who was...

ShopRite is Leaving Nigeria – Rumor Debunked

The "ShopRite is Leaving Nigeria" rumor which has been making rounds has been debunked by the grocery...

Update: Lagos to reopen worship centres on August 7

The Lagos State governor, Babajide Sanwo-Olu, has announced the reopening of worship centres in the state from...

‘We just didn’t perform’ – Lampard laments ‘complacent’ Chelsea’s FA Cup final defeat to Arsenal

Frank Lampard admitted that his Chelsea charges were not up to the task at Wembley as they threw away...

It is no longer news that the Nigerian Government is demanding records of 60 companies and individuals from 10 banks in the United States as part of its efforts to overturn the controversial $9.6 billion P&ID fine.

Among the individuals whose bank records are being sought are a former Nigerian president, Goodluck Jonathan; his wife, Patience Jonathan; former Nigerian petroleum minister, Diezani Alison-Madueke; amongst others.

According to a news report published on PREMIUM TIMES, culled from law360.com, a New York federal Judge has ruled that Nigeria can subpoena 10 banks in the United States for information needed to prosecute government officials allegedly connected to a British Virgin Island engineering firm’s alleged bribery scheme and subsequent $9.6 billion arbitral claim.

The district Judge Lorna Schofield, who gave the ruling, ordered the banks to allow the Nigerian government have access to sundry account details of officials listed in its subpoena request.

The rule in favour of the Nigerian government would help the government prove its claim that the $9.6 billion arbitration obtained by Process and Industrial Development (P&ID) was by fraud.

(READ MORE: What I Will Do If I Was CBN Governor – Experts)

“There is good reason to believe that ministers at the highest level were involved in a corrupt scheme to steal money from Nigeria,” Attorney General Abubakar Malami said in court filings submitted on March 24.

This has led Nigeria to ask the the federal court in New York for permission to subpoena information about transactions involving government officials, including Mr Jonathan and his wife, as the politicians were in office when the state signed a contract with Process & Industrial Developments Ltd., and later became involved in a costly dispute with the company.

PREMIUM TIMES reports that Nigeria’s chances of annulling the giant penalty lie on proving the 2010 gas supply arrangement was a sham designed to fail by P&ID and government officials.

Full article is published on the PREMIUM TIMES website.

However, In his reaction to the development, Mr Jonathan said that he has no account or property abroad.

Anthony Dirisu
Reporter, PapercodePost
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

President Buhari Endorses Osagie Ize-Iyamu As APC Candidate For Edo Election

President Muhammadu Buhari has endorsed Pastor Osagie Ize-Iyamu as the candidate of the All Progressives Congress (APC)...

Kwara gov’s wife offers to help Risikat, abandoned blue-eyed mom, daughters

Olufolake Abdulrazaq, the wife of Kwara State Governor, has offered to help the blue-eyed Kwara mom who was abandoned by her husband after...

ShopRite is Leaving Nigeria – Rumor Debunked

The "ShopRite is Leaving Nigeria" rumor which has been making rounds has been debunked by the grocery retailer giant.

Update: Lagos to reopen worship centres on August 7

The Lagos State governor, Babajide Sanwo-Olu, has announced the reopening of worship centres in the state from August 7 at 50% capacity.

‘We just didn’t perform’ – Lampard laments ‘complacent’ Chelsea’s FA Cup final defeat to Arsenal

Frank Lampard admitted that his Chelsea charges were not up to the task at Wembley as they threw away a winning position to lose...
- Advertisement -

More Articles Like This

- Advertisement -