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    Home » $9.6bn Judgement Debt: Former Petroleum Ministry director arraigned, remanded in prison custody

    $9.6bn Judgement Debt: Former Petroleum Ministry director arraigned, remanded in prison custody

    September 22, 2019
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    $9.6bn Judgement Debt: Former Petroleum Ministry director arraigned, remanded in prison custody
    EFCC personnel

    Lagos — A former Director of Legal Services in the Ministry of Petroleum Resources, Mrs Grace Taiga, was on Friday arraigned before a High Court of the Federal Capital Territory for alleged involvement in the signing of the gas supply contract between the Ministry of Petroleum Resources and Processes and Industrial Development, P&ID, of Ireland.
    Taiga was arraigned a day after P&ID was convicted by a Federal High Court, Abuja on economic sabotage, money laundering and tax evasion charges, among others.

    She pleaded not guilty to eight counts of wrongdoing put forward by the Economic and Financial Crimes Commission, EFCC.

    In court documents, the EFCC also alleged the now-deceased former petroleum minister and OPEC official Rilwanu Lukman broke the law by signing the deal without proper approvals and protocol, according to Reuters.

    The charges relate to a 2010 contract with British Virgin Islands-based firm Process and Industrial Developments to build and operate a gas-processing plant in the southeastern port city of Calabar.
    Also Read: Oil theft cost Nigeria $1.35bn, group urges legal task force

    P&ID took the government to international arbitration after the deal’s collapse, eventually winning a $6.6 billion award. It has been accruing interest since 2013 and is now worth more than $9 billion.

    The government has said the deal was designed to fail, and called the award “an assault on every Nigerian and unfair.” P&ID said the EFCC had harassed, intimidated and denied due process to individuals associated with the company and the contract.

    The EFCC alleges Taiga accepted bribes, made false statements and signed the contract without approval from the federal executive council and Bureau of Public Procurement.

    It said she received $1,000 in 2015 and payments of $10,000 in each of December 2017 and June 2018 as a reward for favours to P&ID.

    The judge remanded Taiga in prison until her application for bail is determined on Sept. 25.
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