On his 82nd birthday, King Fahd personally receiving a young Muhammadu Buhari at the airport. A powerful symbol of friendship and mutual respect between the two nations and testament to these deep ties
May Allah have mercy on both of them
A MATTER OF PRINCIPLE
by Muhammadu Buhari
RARELY in modern times can so few have tried to take so much from so many. If Nigeria had lost its arbitration dispute with Process & Industrial Development in a London court on 23 October, it would have cost our people close to USD15 billion.
We won, and all decent people can sleep easier as a result. Justice Robin Knowles said Nigeria had been the victim of a monstrous fraud. But it was a close-run thing. As the judge said: “I end the case acutely conscious of how readily the outcome could have been different, and of the enormous resources ultimately required from Nigeria as the successful party to make good its challenge.”
But ordinary Nigerians never took the decisions that ended up before Justice Knowles. Had Nigeria lost, it would have required schools not to be built, nurses not to be trained and roads not to repaired, on an epic scale, to pay a handful of contractors, lawyers and their allies - for a project that never broke ground.
How did it get to this point? How did Nigeria prevail? Was this a one-off, or par for a shabby and distasteful course? What are the lessons for the future?
The ‘P&ID Affair’ was already firmly set by the time I came into office in 2015. A company registered in the British Virgin Islands that no one had heard of, with hardly any staff or assets, had won a contract to build a gas processing plant in Cross Rivers. The company was owned by Irish intermediaries who knew Nigeria well and had done business in everything from healthcare to fixing tanks.
The previous government could not supply the gas. The plant was never built. Construction was not started. P&ID did not even buy the land for the facility. But the contract, incredibly, was clear: P&ID could sue Nigeria, and claim all the profits it might have made over 20 years as if everything had been completed.
Nigeria was in court in London, trying to talk down liability and costs. Back at home, fixers were looking to work out a quiet settlement. This is often the way. A lot of contracts end up in dispute. P&ID won a settlement in 2017 of USD6 billion, with compound interest. People, including out of work ex-British Cabinet Minister Priti Patel, were queuing up to insist we paid, or risk Nigeria becoming an untrustworthy trade pariah.
It was clear that far from the whole story had been told. I tasked Abba Kyari, my chief- of-staff and Attorney General of the Federation, Abubakar Malami, with finding a way, even at that late stage and despite so much conflicting advice, to get us a fair hearing. Working with a number of different agencies and senior officials of government, we began to find a huge amount of evidence, not all of which Justice Knowles was to accept. But he agreed that P&ID had paid bribes. He agreed that one of P&ID’s founders had committed perjury. And he agreed that P&ID had somehow found in its possession a steady supply of Nigeria’s privileged internal legal documents, outlining our plans, strategies and problems.
My own view is that this whole, sorry affair shows how important it is to follow the legal process in resolving a dispute. It shows that given time and opportunity for each side to present their case, the temple of justice can satisfactorily resolve all disputes without resort to extra-judicial measures. It was definitely worth the struggle: this was an attempted heist of historic proportions, an attempt to steal from the treasury a third of Nigeria’s foreign reserves.
But even at this moment, we should note what the English judge cautioned. The arbitration process in London “was a shell that got nowhere near the truth.” We need better contracts, in the public and private sector. And we need greater transparency: the reality is that, had P&ID not conjured up quite such an outlandish ransom, they may have found themselves in the same place as the myriad other invisible contractors who all too often quietly take Nigeria for many millions in out of court settlements. Sterner sanctions are indicated for Nigerian public officials who have been proven to connive with foreign criminals to defraud our country.
Nigeria has won this battle with corruption, but the war is far from over. As Justice Knowles concluded: “This case has also, sadly, brought together a combination of examples of what some individuals will do for money. Driven by greed and prepared to use corruption; giving no thought to what their enrichment would mean in terms of harm for others. Others that in the present case include the people of Nigeria, already let down in so many ways over the history of this matter by a number of individuals in politics and administration whose duty it was to serve them and protect them.” Well said.
Muhammadu Buhari served as President of the Federal Republic of Nigeria 2015-23
As we celebrate Nigeria's progress and achievements under PMB’s leadership as the clock ticked down to the handover to the new President-elect, we must also reflect on the challenges and obstacles he faced.
Let's honour his legacy by recognizing his resilience and determination.
#BuhariTheMan
President @MBuhari believes that @officialABAT’s warmth, friendliness, and generosity have set the pace for a network of friends, home and abroad, that will shape his presidency with the requisite expertise to guide the economy and consolidate on the investments of past leaders, particularly in people-first development and infrastructure.
How many of us have heard about such monumental achievement among the so many Baba @MBuhari has achieved?
As I do say, only time will show the extent to which PMB has positively taken this country forward.
#ThankyouBuhari
Pres. @MBuhari yesterday in Abuja inaugurated the new Office of the National Security Adviser (ONSA) & National Counterterrorism Centre (NCTC), two state-of-the-art facilities to optimize efforts at addressing evolving security challenges,especially terrorism & violent extremism.
So yesterday President Buhari inaugurated the new state of the art facility of the :
1. Office of the National Security Adviser (ONSA).
2. National Counterterrorism Centre (NCTC)
...to address evolving security challenges, such as terrorism, armed banditry and kidnaping.
This election period has taught me a lot of things and solidified my conviction in others.
First it has taught me that anything is sellable to people, as long as you can pander to people's emotions and sentiments and douse it with propaganda.
It has taught me that the youths
In its "The Path to 2075" report, Goldman Sachs sees #Nigeria as world's no4 economy, #Pakistan no5 and #Egypt no6 if they adopt “appropriate policies and institutions” 🤔
Table h/t @walizahid
I have approved payments totalling 1.7 Trillion Naira to 9 oil-producing States,as refunds owed them by @NigeriaGov. As a matter of honour, all debts owed States must be paid, regardless of political affiliation. N625B has been paid so far; the balance will be paid in due course.
Don’t tell Africa that the world cannot afford the climate cost of its hydrocarbons — and then fire up coal stations whenever Europe feels an energy pinch.
We are not the problem.
Yet the continent needs a reliable source of power if it is to pull millions of citizens out of poverty and create jobs for its burgeoning youth population.
About 6 months ago President @MBuhari administration via #NNPC launched a digital way of monitoring our oil production cycle.
Very interesting development,but not many people knows about the control center.
The NNPC learned from Saudi🇸🇦
@toluogunlesi. @OvieNews@DejiAdesogan
I join millions of Nigerians in celebrating Tobi Amusan and her stellar performance, at the World Athletics Championships 2022. Her new World Record and Gold Medal have brought excitement and joy and hope to all of us, and made our national anthem resonate on a global stage.