A United States court has granted Nigeria permission to investigate bank transactions involving former President Goodluck Jonathan, his wife Patience, former Petroleum Resources Minister Diezani Allison-Madueke and other top government officials.
These politicians were in office when the country signed a contract with a company, Process and Industrial Development Limited, which has become a source of dispute.
The New York Federal Court’s ruling followed the Federal Government’s application to it for official access to the bank’s records on the former president and his erstwhile petroleum minister.
Nigeria’s chances of annulling the giant penalty lie on proving the 2010 gas supply arrangement was a sham designed to fail by P&ID and government officials.
The saga became a full-blown crisis for Nigeria last August when a U.K. judge ruled that P&ID could enforce an arbitration tribunal’s 2017 ruling, now totaling 9.6 billion dollars including interest, which found the country breached the agreement.