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FG set to probe gas processing deal

FG set to probe gas processing deal

The Nigerian government is set to probe the botched gas processing agreement that resulted in a recent UK court judgment authorizing the process and industrial developments ltd. (paid) to seize nine point six billion dollars in Nigerian assets, over a contract entered into by the company and the ministry of petroleum resources in 2010.

Nigeria’s federal govt. hinted on this Tuesday at a joint press conference held in Abuja, this coming on the heels of the judgment that was delivered on Friday, 16 August 2019 by the UK court.

Galaxy’s Godfrey Eshiemoghie reports that the minister of information and culture lai Mohammed and Abubakar Malami, the countries attorney-general and justice minister faulted the development and vowed that the Buhari-led Govt will get to the root the matter to uncover all the shady dealings in the respect to the said deal.

The ministers are confident that the country will not lose its asset, as the process of appeal the court judgment is in the offing.

On his part, the governor of Nigeria's central bank, Godwin Emefiele picked holes in the gas processing deal.

He said the CBN has no records of the operations of the paid within the period that it had purportedly functioned in the country.

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