The FG had gone to court in the United Kingdom to reverse the P&ID judgement.
Also, the House of Representatives and the Economic and Financial Crimes Commission (EFCC) are probing where it all went wrong.
Investigators are said to have uncovered more information on the deal.
“Investigators are daily uncovering a web of conspiracies and connivance in violation of known best practices as well as local and international laws, that could be used to nail a number of former public office holders who broke the laws and aided the foreign firm to hoodwink past administrations as far as P&ID claims are concerned,” a well-placed source said on Saturday, September 28.
It was also gathered that the EFCC has established strong cases against a number of former federal government appointees.
The affected persons may be invited soon for questioning in relations to the ongoing probe.
A former presidential aide said: “We are all waiting to see how all these will farm out. The P&ID issue may just be the opportunity some people have been waiting for to nail some of us. It is not yet time to talk but I can tell you we are all worried with the turn of events.”
Another source, a former technical assistant to a minister said: “The ongoing saga over the P&ID is scandalous enough to put anybody with the remotest link to it in trouble. Names are being mentioned and everybody is critical.
“Nobody is considering the fact that many of us acted in official capacity and in fact, as instructed back then. So if you are asking me if I am worried, I say yes, I am worried and for good reasons too.”
The EFCC, it was learnt, made more discoveries in its quest to unravel how some government officials allegedly aided the foreign firm to swindle the country.
Also, the House of Representatives commenced the investigation of the controversial issue a fortnight ago.
This followed the adoption of a motion of urgent national importance on the need to look into act of negligence of the P&ID’s transaction by the Ministries of Justice and Petroleum Resources.
The motion was sponsored by Prof Julius Ihonvbere.
Consequently, the Speaker, Femi Gbajabiamila, constituted an ad-hoc committee to probe the circumstances surrounding the award of the contract.
The ad hoc Committee chaired by Sada Soli (APC, Katsina) is to recommend appropriate sanctions where necessary without fear or favour or preference for status in line with Order 14 of the Standing Orders of the House, against those involved in the contract that led to judgment debt.
The House further resolved to initiate a process of reviewing all Agreements and Treaties signed by Nigeria through the appropriate committees to create opportunities to discover anomalies and avoid a repeat in the future.