Presidency Reacts As UK Lawmaker Says Investors At Risk In Nigeria
Garba Shehu.

The presidency has condemned Priti Patel, former United Kingdom Secretary of State for international development, for advising investors to be cautious about doing business in Nigeria.

Concise News had reported earlier that Patel, a member of UK parliament, had made her position known in an op-ed for London business newspaper, City A.M.

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The former UK Secretary Of State who visited Nigeria in 2017, alongside Boris Johnson, former UK foreign secretary,  accused President Muhammadu Buhari of cancelling a “compensation settlement” after the Nigerian government reneged on a natural gas development refinery contract with Irish firm, Process and Industrial Development (P&ID).

She also said the Nigerian government flouts international law, refuses to respect court decisions, adding that “there has been no reduction in corruption since Buhari took office”.

Reacting in a statement on Tuesday, Garba Shehu, a presidential spokesman, described Patel’s claims as a “wicked proposition” which is “lacking in substance and devoid of merit in empirical evidence established by facts”.

The statement read in part: “Her claim to the effect that despite the President’s public anti-corruption platform, Nigeria has not seen any reduction in corruption since Buhari took office, trumpeting a so-called Transparency International report is a false fabrication that cannot be supported by the facts on the ground.

“By the time President Muhammadu Buhari was sworn in and took office, the only amount in the anti-corruption recovery account over 16 years of the Peoples Democratic Party, PDP was only two billion Naira (N2bn).

“This account has succeeded in netting over four hundred billion Naira (N400 bn) as of today, translating to 1,360 percent increase. This cannot amount to nothing in terms of progress.”