The Cabel news has reported that President Muhammadu Buhari, speaking at the ongoing United Nations General Assembly on Tuesday, said that Nigeria is sending a stern warning to criminal groups through its vigorous prosecution of the “P&ID scam attempting to cheat Nigeria”.
President Buhari also said that the Nigerian government is facing the challenges of corruption head-on.
“Organised criminal networks, often acting with impunity across international borders present new challenges where only collective action can deliver genuine results,” Buhari told the general assembly at the UN headquarters in New York.
“The present Nigerian government is facing the challenges of corruption head-on. We are giving notice to international criminal groups by the vigorous prosecution of the P&ID scam attempting to cheat Nigeria of billions of dollars.
“This is true in the battle against violent extremism, against trafficking in people and drugs and against corruption and money laundering.”
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Following the judgement of the British Council ordering the seizure of $9.6 billion Nigeria’s asset in favor of P&ID which is registered in British Virgin Island, the Nigerian government is prosecuting officials of P&ID Nigeria, who pleaded guilty to the 11-count charge of fraud, tax evasion and money laundering.
The Federal High Court also ordered the Federal Government should seize all assets belonging to P&ID Limited, Virgin Island and its Nigerian affiliate, P&ID Nigeria Limited.
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