The Nigerian government’s request for a subpoena on 10 U.S. banks for information needed to prosecute officials allegedly linked to the British Virgin Island engineering company, Process and Industrial Development (P&ID) suspected bribery scheme, and a U.S. judge has issued a subsequent $9.6 billion arbitral claim.
The filings were made by Alexander Pencu, a partner of Meister Seelig & Fein LLP, lawyers for the Federal Republic of Nigeria and Abubakar Malami, the Nigerian Federal Attorney General and Minister of Justice.
It listed the affected banks as follows; “Citibank, N.A. (‘Citibank’) , Allied Irish Banks plc, HSBC Bank USA (‘HSBC’), Standard New York, Inc. (‘Standard New York’), Deutsche Bank Trust Co. J.P. Morgan Chase (“JPMorgan”), United Bank for Africa (“UBA”), It listed the affected banks as follows; “Citibank, N.A. (‘Citibank’) , Allied Irish Banks plc, HSBC Bank USA (‘HSBC’), Standard New York, Inc. (‘Standard New York’), Deutsche Bank Trust Co. J.P. Morgan Chase (“JPMorgan”), United Bank for Africa (“UBA”), Bank of Cyprus, Fortis Private Banking Singapore Limited (“Fortis”), and Standard Chartered Interns.
Federal judge of New York, Lorna Schofield, who approved the appeal, asked the banks affected to allow the Nigerian government to access the information they need to prove their case.
Former Nigerian government political office holders whose accounts are supposed to be accessed include former President Goodluck Jonathan and his wife, Patience Faka Jonathan; former oil minister now late, Rilwanu Lukman; Diezani Alison-Madueke, former petroleum minister during Mr Jonathan’s tenure; and Allison Amaechina Madueke;former attorney general and minister of justice, Mohammed Bello Adoke.
Taofiq Tijani; Grace Taiga; Mohammad Kuchazi; one Michael Quinn, who died in 2014; James Nolan; Adam Quinn; and Ibrahim Dikko are those identified in the subpoena.
It is also believed that, in the event, some bank officials might testify. Nigeria ‘s chances of overturning the $9.6 billion arbitration award lie in showing that the 2010 gas supply agreement was a scam that P&ID and government officials failed.
This comes after former president Goodluck Jonathan denied having a foreign account or properties.