Billionaire General and former Minister of Defence, Theophilus Danjuma has been linked to the Process and Industrial Development Ltd. (P&ID) deal that saw a court in the United Kingdom slam a $9.6 billion judgment debt on the Federal Government of Nigeria.
The exposé was contained in a report by a United State-based media outfit, Bloomberg’s Businessweek, on Wednesday in a report, titled “Is One of the World’s Biggest Lawsuits Built on a Sham?
Businessweek quoted Danjuma as claiming that the project was originally his idea, and that one of his companies, Tita-Kuru Petrochemicals Ltd., spent $40 million preparing it.
P&ID, registered in the British Virgin Islands, won a contract to end gas flaring in the Niger Delta.
Its chairman, Michael “Mick” Quinn, an Irishman, operated in Nigeria for decades, mostly as a military contractor.
The report added that the Irishman was a consultant, using Danjuma’s funds and office space and that when Quinn applied for the contract for himself, Danjuma was upset.
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