BREAKING: FG to prosecute those linked with deals leading to forfeiture of $9bn to UK firm


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The Federal Government will prosecute everyone linked with the contract that resulted in the judgment of the United Kingdom, Business & Property Courts (the Commercial Court) which awarded a cumulative sum of $9bn award against Nigeria and in favour of a private firm, Process & Industrial Developments Limited, Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami has said.

Malami, who questioned the sincerity of those behind the contract awarded in 2010, argued that it formed part of the inglorious legacies of past administrations, which this government is being made to grapple with.

He spoke in Abuja on Thursday, while unveiling his agenda on his first day of resumption at the Federal Ministry of Justice.

He said henceforth, contract of certain categories will be vetted by the Federal Ministry of Justice before it is signed by any Federal Government agency.

Malami, also expressed worry about the impact of public corruption and the connivance of financial institutions in the thriving crime of illicit finance flow out of the country.

He said henceforth, financial institutions, linked with financial crimes, will be prosecuted along with the culprits.

Details shortly…

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