Nigeria has won the five year long legal battle against Process and Industrial Development (P&ID), a British Virgin Island firm that would have cost the federal government US $11 billion. Justice Robin Knowles agreed with the government that the 2010 deal to build a power plant in Calabar, Cross River State in the South South oil region of the country was obtained fraudulently. The legal case started after an initial out of court US $800 million settlement reached in the twilight of President Goodluck Jonathan was not followed through under President Buhari in 2015, leading to an award of US $6.6 billion in 2017 plus interest dating back to 2013. However, this should not be the end of the case. There should not be an iota of doubt that the conspiracy to defraud Nigeria is deeper and broader than the nonentities at P&ID. There should be further investigation and prosecution.
