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P&ID: Nigeria traces $9.6 billion financial hit back to $390,000 in alleged bribes



P&ID bribes

P&ID: Nigeria traces $9.6 billion financial hit back to $390,000 in alleged bribes

A British Virgin Islands-based firm P&ID allegedly paid more than USD390,000 in bribes to land a natural gas processing plant construction contract in 2009.

In 2012, Process and Industrial Developments (P&ID), an engineering and project management company, told a UK arbitration judge they invested $40 million in the plant’s construction but never broke ground because the Nigerian government failed to build promised infrastructure.

Last year, the British court authorized P&ID to seize more than $9.6 billion of Nigeria’s foreign assets — more than the West African country’s annual health and education budgets combined.

The amount, one of the biggest UK arbitration awards ever, was based on the loss of two decades of presumed profits plus $1.2 million per day in interest since the project went bust.


The award was stayed last November after Nigeria appealed, alleging that P&ID was unqualified for the work and won the contract through bribery. P&ID says Nigeria invented the bribery allegations to distract from its own mismanagement.

A Duffel Bag Full of Cash

On January 22, Nigeria’s Attorney General, Abubakar Malami, submitted what he termed a “witness statement” to the Business and Property Courts of England and the Wales Commercial Court, summarizing the case as he sees it.

In the unsworn document, Malami for the first time lays out exactly how Nigeria believes the bribery scheme worked, and how the alleged recipients were paid through shell companies and in large sums of cash.

Malami alleges that P&ID indirectly paid more than $300,000 to a company connected to Taofiq Tijani, the chairman of a government technical committee that reviewed the contract. P&ID also gave Tijani $94,000, much of it in cash, Malami told the court.

Tijani initially pleaded not guilty to charges related to bribery and other crimes, but eventually confessed to the scheme after Nigeria’s Economic and Financial Crimes Commission (EFCC) started probing the large sums he received. He said P&ID executives Michael Quinn and Neil Hitchcock dropped a duffel bag packed with $50,000 into the trunk of his car after the trio dined at a Chinese restaurant in Abuja, Nigeria’s capital, in April 2009.

In addition to the bag of cash, P&ID “promised that they will further take care of me better at a later date,” Tijani allegedly told investigators.

Tijani also told investigators that Hitchcock gave him another $44,000 to “support” his children’s weddings, with some of the money coming through a company controlled by Michael Quinn’s son.

P&ID made several payments to Lurgi Consults, a Nigerian company controlled by Quinn’s son, Adam, and his associate, James Nolan. Adam Quinn and Nolan also own and manage a Nigerian subsidiary of P&ID.

Lurgi Consults then passed the money on to Conserve Oil, a company that Tijani controlled with his wife.

Nolan and Adam Quinn were charged last October with money laundering and tax evasion in connection with the alleged bribery case.

While he was heading the committee overseeing the gas plant contract, Tijani was also a senior special assistant to Minister of Petroleum Rilwanu Lukman.Tijani told investigators that Lukman, who died in 2014, instructed him to contract with P&ID even though it was a sole-purpose company that had no track record in the oil and gas sector.

Lukman also ordered him to “deliberately overlook” P&ID’s shortcomings and push the deal through, Tijani said in an EFCC affidavit cited by Malami.

Nigeria’s anti-corruption commission determined that Lukman broke the law by signing the P&ID contract. It found that he lacked authority to approve the deal and did no due diligence on the company. The company lacked legally required approvals from the Bureau of Public Procurement and National Petroleum Investment Management Services and didn’t register the deal with the National Office for Technology and Promotion.

Though Lukman was the Minister of Petroleum, Minister of State Odein Ajumogobia was responsible for all gas deals. He confirmed he was not consulted and had no knowledge of the deal.

Grace Taiga, a former Petroleum Ministry lawyer who oversaw a contract review committee, has also been charged with accepting bribes from P&ID-linked companies between 2015 and 2019, to which she pleaded not guilty.

Taiga was scheduled to retire in September 2010, but she inexplicably remained in her position for another 16 months as the P&ID contract was being finalized, Malami said in his statement.

Nigeria’s President, Muhammadu Buhari, has flatly rejected the British court ruling. In a 2019 speech to the United Nations, he slammed P&ID as a “scam… attempting to cheat Nigeria out of billions of dollars.”

P&ID dismisses bribe allegations as a ploy.

“The Nigerian government knows there was no fraud and the allegations are merely political theater designed to deflect attention from its own shortcomings,” the company told Reuters last September.

The company challenged the assertion that it was unqualified and lacked petroleum industry experience. It notes that before they founded P&ID, Cahill and Quinn had more than 30 years’ experience with engineering projects in Nigeria. Those projects included port infrastructure upgrades in Lagos and Calabar and a large-scale butane project that included the construction of a gas pressure vessel manufacturing facility.

Years after the contract was awarded P&ID was acquired by its current owners, Lismore Capital Limited, a private financial management firm incorporated in the Cayman Islands, and VR Advisory Services Limited, a hedge fund with principal offices in the United Kingdom.

Ajumogobia could not be reached for further comment when contacted by the Premium Times and Malami’s spokesperson did not respond by the time of publication.



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Labour Force

Kogi Governor Approves Implementation of N30,000 Minimum Wage for workers



Kogi Governor Approves Implementation of N30,000 Minimum Wage for workers

Kogi state governor, Yahaya Bello, has approved the implementation of N30,000 as minimum wage for the workers in the state.


The secretary to the state government, Folashade Ayoade disclosed this on Tuesday after an extensive meeting with the organized labour in Lokoja


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She blamed the delay in the implementation on the inability for the committee to meet regularly due to the covid-19 pandemic which has been overcome.


The SSG equally commended the organised labour for their understanding and patience, which she said has resulted into the signing of the implementation of the new minimum wage.

Read Also: FCTA Set to Implement Minimum Wage for FCT Workers

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CBN to End Forex Sales to Commercial Banks in 2022



Author: Eunice Johnson, Abuja 

The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme.




Emefiele said the time had come for the banks to go out there and source for forex by funding entrepreneurs with ideas. The CBN, Emefiele said, will support the banks by granting rebates and other support until the banks find their feet in sourcing their forex by themselves.

He also disclosed that the apex bank’s policies and measures have led to a significant improvement in diaspora inflow from an average of US$6 million per week in December 2020 to an average of over US$100 million per week by January 2022. He added that the CBN would be reviewing these intervention programmes going forward to ensure that they continue to achieve the desired results.

He said international bodies, including some embassies and donor agencies, have been complicit in illegal forex transactions that have hindered the flow of foreign exchange into the country.


Read Also: CBN Encourages Nigerians to Accept E-Naira

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Customs Corner

Customs CG Deploys 37 Comptrollers as Comptroller Attah Heads Kebbi Command



Customs CG Deploys 37 Comptrollers as Comptroller Attah Heads Kebbi Command

Author: Gift Wada, Abuja

The Comptroller General of Customs Col. Hameed Ibrahim Ali (Rtd.) has approved the deployment of 37 Comptrollers to various Units, Departments and Commands across the country.

This was disclosed in a release signed on Tuesday by the Customs Deputy National, DC Timi Bomodi for the Comptroller General of Customs.

Among those deployed are the present National PRO of Customs Comptroller Joseph Attah who will assume the office of Area Controller of Kebbi Command, Comptroller AAS Oloyede who shall be moving from ICT/MOD to Tin Can Island Port Command, while Comptroller SI Bomoi to FCT Command. Other postings are Comptroller BA Jaiyeoba to Oyo/Osun Command, Comptroller A Dappa-Williams to Eastern Marine Command, Compt. MA Umar Kano/Jigawa, Compt. KC Egwuh ICT/MOD, Compt. LM Mark Enugu/Anambra/Ebonyi, Compt. T Tachio CTC Kano, Compt. AA Umar Western Marine, Compt. M Dansakwa North Eastern Marine, Compt. AC Ayalogu T & T and Compt. KD Ilesanmi will assume duty as Comptroller Board among others.


Ali in postings released on 7th of February, charged the newly posted Comptrollers to justify the confidence reposed in them by NCS Management by bringing to bear their years of experience and training in trade facilitation and anti-smuggling activities on their new assignment.


Given the enormous expectations of government regarding revenue generation in the current year, the Comptroller General reiterated the need for all Area Controllers and Unit heads to take full charge of the affairs of their Commands by ensuring absolute compliance with extant fiscal policies while leveraging on the efficient management of data to optimize trade facilitation and revenue collection.

Furthermore, the CGC directed all officers to be extremely vigilant in protecting the lives and wellbeing of Nigerians by ensuring the full fortification of our borders against the incursion of smugglers and other cross border criminals.

Read Also:

Customs Raises Concerns over Finance Act as Senate Sets N3trn Target for Revenue Agencies

Comptroller Ali Ibrahim Assumes Duty as New Customs FOU Zone ‘C’ Boss

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