EFCC

P&ID Scandal: EFCC grills ex-Lagos Commissioner, Olasupo Shasore

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P&ID Scandal: EFCC grills ex-Lagos Commissioner, Olasupo Shasore

The Economic and Financial Crimes Commission (EFCC) invited a former Attorney-General and Commissioner for Justice in Lagos State, Mr Olasupo Shasore.

A source in the anti-graft agency confirmed to newsmen that Shasore, a Senior Advocate of Nigeria (SAN), is being grilled by EFCC operatives.

Shasore, the source stated, arrived at the headquarters of the anti-graft agency in Abuja on Tuesday afternoon.

He is being quizzed over his role in the Process & Industrial Development (P&ID) scandal.

The senior advocate served as Commissioner for Justice between 2007 and 2011 during the administration of former Lagos State Governor, Babatunde Fashola.

P&ID, a firm based in the British Virgin Islands, won a $9.6 billion arbitration award against the Nigerian government after the 2010 gas project collapsed.

The award accrued interest since 2013 and was worth more than $9 billion as of September 2020.

However, Nigeria later secured a landmark victory in its pursuit to overturn a $10 billion judgment awarded against it in a case against P&ID in the failed gas deal in 2010.

Ross Cranston, a judge of the Business and Property Courts of England and Wales, granted Nigeria’s application for an extension of time and relief from sanctions, in the nation’s bid to overturn a $10 billion judgement awarded against it.

Since the feat, the Federal Government has begun the process to ensure all those indicted in the P&ID scandal were made to answer for their actions.

 

 

 

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Uchechi Ogbuehi-Daniel
Uchechi Ogbuehi-Daniel, is a Lagos-born and based writer, newscaster and voice-over artist. A versatile and committed journalist with the yearning to make a difference in the industry. She writes balanced, informative and interesting stories. Uchechi has the ability to interact and listen with rapt attention, excellent time management and great communication skills while paying attention to detail. She is very approachable and a good team player. Instagram | LinkedIn
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