P$ID: EFCC will expose all involved in Failed Contract – Magu


The Acting Chairman of the Economic Financial Crimes Commission (EFCC), Ibrahim Magu, says the commission will expose and prosecute all those behind a contract whose alleged breach led to the $9.6billion British court judgment against Nigeria.

Magu said this during an anti-corruption road walk organised by the Kaduna Zonal office of the EFCC on Friday.

The court judgment was a result of a contract breach between the Ministry of Petroleum Resources and the Process and Industrial Developments Ltd (P&ID).

But according to Magu, the company was originally registered as a conduit pipe to siphon public funds.

The EFCC boss, however, stated that the commission has gone far in its investigation and will soon expose those behind the contract and the court judgement irrespective of whether they are serving in the present government or had served in the past administrations.

Others who joined the walk include officers of the Nigerian Security and Civil Defence Corps, Federal Road Safety Corps, National Drug Law Enforcement Agency and National Youth Service Corps, as part of efforts to foster inter-agency collaboration in the anti-corruption fight.

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