Thread by @sarnchos

This story was published in February 2019. #thread

"Investigations have revealed the story behind the issues surrounding the Nigerian Government and a UK-registered shell Company, Process and Industrial Developments Limited (P&ID) Limited"

naijanews.com/2019/02/05/rev…

the MOU that led to the the entire controversy was signed by previous administration in July 2009 by the then Minister of Petroleum Resources, the late ALHAJI RILWANU LUKMAN , purportedly on behalf of the Nigerian Government, and an Irish businessman, MICHAEL QUINN

Michael Quinn is said to have made a name for himself in his native Ireland as a successful manager for well-known music bands, btw the 1960s & the 1980s

He gave it up to start a new career in the oil business in the early 1980s, becoming an oil trader dealing in Nigerian oil

In the fraudulent arrangement, the Nigerian Govt was saddled with the responsibility of securing gas supplies & ensuring all infrastructure was in place, a deal that analysts unanimously agreed was totally skewed against Nigeria, & wouldn't stand up to any serious legal scrutiny

At the time, the ailing President had failed to hand over the reins of power to his Vice President, Goodluck Jonathan, & there was a lot of controversy as to who was really running the country

It would later emerge that by this time the President was brain-dead

Late Alhaji Lukman was said to have taken advantage of the relapse in govt at this time to perfect the shady deal, which was reportedly done without input or knowledge of NNPC

The IOCs were supposed to supply the gas involved in the deal, but even they weren't informed at all

“Can you imagine that neither NNPC nor any of its subsidiaries involved in the sale & supply of gas was aware of this deal

IOCs supposed to supply the gas, alongside NNPC, weren't aware

What manner of fraudulent behaviour is that? ” a senior ministry official queried

The whole agreement was a scam from the beginning, designed to benefit the people who came up with it and took advantage of the illness of Yar’Adua to sign it. If P&ID was a serious company they would never have entered into that kind of agreement in the first place

This meant that from inception the agreement was doomed to fail, & it did

No gas was supplied or processed, as there was nothing in place to make this happen

The deal was a racket by senior officials of the Ministries of Petroleum Resources & Justice, under the UMY/GEJ Admin

Liability hearings commenced in July 2015, at the inception of the Buhari Administration

In the meantime, both
Rilwanu Lukman & Michael Quinn , the two signatories to the ill-fated and illegal agreement, had died

Lukman died in July 2014, & Quinn died in February 2015

Both reportedly died of illness

It is unclear who was pursuing the liability hearings following the deaths of the two principal actors

In January 2017, the Arbitration Court proclaimed a final award of $6.6 billion, plus 7 percent interest per annum, calculated from March 2013,

Analysts are still wondering how a UK court can award judgment on the basis of an agreement that was illegal in the first place

In March 2018, P&ID shopped around for a US District Court in Washington to try & enforce the payment of the judgment awarded against Nigeria

the Court in June 2018 reportedly affirmed the award, raising suspicions of unethical collusion and perversion of justice on the part of the US Court

The Nigerian Government is insisting that there is no cause for alarm and that the P&ID case is headed nowhere.

From the above, we can see that the happenings during the period of President Yar’Adua's last days; from the petroleum and justice ministry, as well as the president's principal Secretary (who ostensibly obtained his signature for the fraudulent agreement);need to be investigated