President Muhammadu Buhari has gotten major breakthrough in its efforts to overturn the controversial $9.6 billion P&ID fine.
Naija news Understands that the breakthrough came as A United States Federal High court granted Nigeria permission to investigate bank transactions involving former President Goodluck Jonathan, his wife Patience, former Petroleum Resources Minister Diezani Allison-Madueke and other top government officials.
According to a May 8 report in legal website law360.com, District Judge Lorna Schofield, who gave the ruling, ordered the banks to allow the Nigerian government have access to sundry account details of officials listed in its subpoena request.
The move, the judge ruled, would enable the Nigerian government prove its claim that the $9.6 billion arbitration was obtained by Process and Industrial Development (P&ID) by fraud.
These political office holders were in leaders of the country when the government allegedly signed a contract with a company, Process and Industrial Development Limited, which has become a source of dispute.