P&ID Rip-off: EFCC re-arraigns two Britons

p&id-rip-off:-efcc-re-arraigns-two-britons

The Economic and Monetary Crimes Charge (EFCC) on Monday re-arraigned two British nationals over their alleged involvement within the controversial Activity and Industrial Constructing (P&ID) gas processing contract.

The contract ended in the $9.6bn arbitral awards to P&ID Restricted by a United Kingdom industrial court docket.

James Nolan and Adam Quinn had been arraigned alongside ICIL Restricted sooner than a pick, D.U. Okorowo, of the Federal High Court, Abuja.

Mr Nolan pleaded no longer guilty to the 32 counts along with money laundering and tax evasion.

Mr Quinn, who used to be talked about to be at astronomical, used to be re-arraigned in absentia, with “no longer guilty” plea recorded for him and the pick.

Equally, a “no longer guilty” plea” used to be recorded for the firm.

In response to a assertion by the EFCC spokesperson, Wilson Uwujaren, each Messrs Nolan and Quinn are directors of Goidel Sources Restricted, a Designated Non-Monetary Institution (DNFI) and ICIL Restricted.

The defendants closing year had been first arraigned sooner than a Federal High Court pick, Okon Abang, who has now been transferred out of the Abuja division.

The case used to be therefore re-assigned to the new pick sooner than whom the defendants had been arraigned on Monday.

Equally, the price had additionally arraigned a P&ID Industrial Director, Mohammed Kuchazi, alongside his firm, Kore Holdings Restricted, sooner than Folashade Ogunbanjo-Giwa of the Federal High Court, Abuja.

The defendants pleaded no longer guilty to the eight counts which the defendants allegedly dedicated in 2014.

Court hearing

Mr Nolan pleaded “no longer guilty” to the costs when be taught to him in court docket on Monday. Mr Quinn, who’s asserted to be at astronomical, used to be no longer accessible to fetch his plea.


Prosecuting counsel, Ekele Iheanacho, requested that his plea be recorded as “no longer guilty” which the pick granted.

Mr Iheanacho then asked the court docket for a trial date.

Nonetheless the defence counsel, Micheal Ajara, utilized to the court docket for the defendant to proceed playing the bail granted to him by Okon Abang, which the prosecuting counsel did no longer oppose.

READ ALSO: EXCLUSIVE: Accused of undermining case in opposition to P&ID, Shasore gets one other astronomical arbitration contract

The pick, Mr Okorowo, thereafter adjourned the subject till December 13 for graduation of trial.

P&ID’s case with Nigeria

P&ID had secured a $9.6 billion award in opposition to Nigeria following the non-execution of a 20-year gas and present processing settlement (GSPA) it had with the federal authorities.

Below the phrases of the settlement, P&ID used to be to originate and operate an Accelerated Gasoline Constructing project to be located at Adiabo in Odukpani Native Govt House of Contaminated River Teach.

The company sued Nigeria sooner than a U.Okay court docket that well-liked the P&ID, and secured a ruling in its favour over the failed gas contract.

Last September, Ross Cranston of the UK Business & Property Courts (industrial court docket) granted Nigeria’s software for a defend of execution of the award of $8.9 billion (about N3.2 trillion) in favour of P&ID.

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