President Muhammadu Buhari has directed the Economic and Financial Crimes Commission, EFCC, the National Intelligence Agency, NIA, and the Inspector General of Police to conduct a thorough investigation into the Process and Industrial Developments, P and D Ltd which was recently asked by a UK court to seize 9.6 billion dollars in Nigerian assets.

Minister of Information and Culture, Lai Mohammed

The Minister of Information and Culture, Lai Mohammed, said this today at a press conference in Abuja.

Mohammed said the decision was based on the fact that the Federal Government suspected foul play in the contract which was negotiated and signed in 2010.

He however said, despite the court judgement, Nigeria was not about to lose any of its assets.

Mohammed was joined at the press conference by the Attorney General of the Federation, Abubakar Malami SAN; Minister of Finance, Budget and National Planning, Zainab Ahmed; and the Governor of Central Bank of Nigeria, Godwin Emefiele.