- Ibrahim Magu's lawyer has reacted to the UK court’s judgement over the Process and Industrial Developments (P&ID) case
- Wahab Shittu noted that the verdict vindicates his client, describing the English court’s judgement as a victory for Magu
- In a statement, Shittu added that the court’s decision showed the result of a detailed investigation led by his client
Wahab Shittu, lawyer of Ibrahim Magu, the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), has said that UK court’s judgement over the Process and Industrial Developments (P&ID) case is a victory for his client.
According to Channels TV, Shittu who revealed this in a statement issued over the weekend described the court’s verdict as a monumental landmark achievement created by Magu’s hard work and leadership style.
Shittu said the decision showed the result of a detailed and thorough investigation done by the anti-graft agency under the leadership of the embattled EFCC boss.
Magu's lawyer went on to note that the judgement saved Nigeria from the impending and disastrous effect that the execution of the $9.6b judgment plus interest, would have had on the country's fragile economy.
According to him, Magu should be given a heroic commendation for saving the nation rather than punish him over his handling of the investigation.
Meanwhile, Legit.ng reported that the federal government hailed the judgement of Business and Property Courts of England and Wales which granted Nigeria’s application for an extension of time and relief over $10bn sanctions.
In a statement released on Friday, September 4, through the Twitter page of the Nigerian presidency, the federal government described the judgement as right and just.
It would be recalled that the $10bn sanction was imposed on Nigeria after a controversial gas deal with the engineering and project management company.
In a similar development, Nigeria's attorney-general and justice minister, Abubakar Malami, opened more cans of worms regarding the ongoing legal battle with the P&ID.
Speaking on Channels TV on Sunday, September 6, Malami said investigations by the Nigerian government has revealed that about $301 million was given as under-hand dealings to some persons to cover up the illegality of gas supply and processing deal.
Malami said some of those involved in the illegal deals are being investigated while others have been arraigned.
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