The Attorney-General of the Federation, Abubakar Malami (SAN), on Sunday gave an insight into why the Federal Government at a point decided to negotiate with Process and Industrial Developments Limited, despite being aware that the contract for which a United Kingdom court had ordered the firm to seize $9.6bn in Nigerian assets was fraudulent.
Malami spoke at a press conference in Abuja.
He said since the previous government of the Peoples Democratic Party did not appeal, the option left for the administration as of the time was to negotiate, despite its reservations about the contract.
“Even if, indeed, any case was struck out, it was out at a time when lawyers engaged by the previous administration were in charge,” he said.
He said those to be probed include those who were involved in drafting and signing of the agreement, conduct, trial and “other personalities of interest.”