Home News P&ID Rip-off: EFCC Re-Arraigns Nolan, Two Others

P&ID Rip-off: EFCC Re-Arraigns Nolan, Two Others

by Good News

James Nolan used to be arraigned by the EFCC in Abuja on October 18, 2021.The Economic and Financial Crimes Price (EFCC) on Monday re-arraigned two British nationals, James Nolan and Adam Quinn (at extensive), sooner than Justice Donatus Okorowo of the Federal Excessive Court in Abuja.

They had been re-arraigned for his or her alleged complicity within the controversial Job and Industrial Construction gasoline processing contract, leading to the $9.6 billion arbitral award to P&ID Minute by a United Kingdom commercial court.

The defendants, each and every administrators of Goidel Property Minute – a Designated Non-Financial Institution (DNFI) – and ICIL Minute, had been re-arraigned on 32 counts bordering on money laundering.

Depend 21 of the fee be taught, “That you, ICIL LIMITED, JAMES RICHARD NOLAN and ADAM QUINN (at extensive) between January and December 2008 in Abuja contained within the Abuja Judicial Division of the Federal Excessive Court, aged the final sum of N52,202,392.91 whenever you reasonably should own identified that the mentioned fund shaped proceed of your illegal actions to wit: tax evasion and failure to post rate added tax returns, and you thereby dedicated an offence contrary to allotment 15 (2) (d) and punishable beneath allotment 15 (3) of the Money Laundering Prohibition Act, 2011 (as amended by Act No. 1 of 2012).

Yet one more rely be taught, “That you, ICIL LIMITED, JAMES RICHARD NOLAN and ADAM QUINN (at extensive) between January and December 2009 in Abuja contained within the Abuja Judicial Division of the Federal Excessive Court, aged the final sum of N26,366,748.91 whenever you reasonably should own identified that the mentioned fund shaped proceed of your illegal actions to wit: tax evasion and failure to post rate added tax returns, and you thereby dedicated an offence contrary to allotment 15 (2) (d) and punishable beneath allotment 15 (3) of the Money Laundering Prohibition Act, 2011 (as amended by Act No. 1 of 2012).”

After the costs had been be taught to them, the third defendant (Nolan) pleaded ‘no longer responsible’ to the costs.

Quinn, who’s at extensive, used to be no longer readily out there to purchase his plea however the prosecuting counsel, Ekele Iheanacho, requested that his plea be recorded as “responsible” which the need granted.

Looking for Nolan’s no longer responsible plea, Iheanacho asked the court for a trial date.

The defence counsel, Micheal Ajara, on his allotment utilized to the court for the defendant to continue taking half within the bail granted to him by Justice Okon Abang, which the prosecuting counsel did no longer oppose.

Justice Okorowo, thereafter, adjourned the matter except December 13 for the commencement of the trial.


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