EFCC Reveals Evidence Against P&ID Director.

EFCC Reveals Evidence Against P&ID Director.

Economic and Financial Crimes Commission, has tendered additional evidence against MICAD Project City Services Limited, and James Nolan, a Director of Process and Industrial Development Limited, before Justice Nora Egwuatu of the Federal High Court, sitting in Abuja.

A statement by the Head, Media and Publicity of the EFCC, Dele Oyewale said, the criminal case stemmed from controversial Gas Supply Processing Agreement between Process and Industrial Development and the Federal Government of Nigeria, while, P&ID had obtained a $11bn award against the Federal Government over the botched contract, but reprieve came the way of the country last October when a London arbitration court set aside the $11bn award, holding that the contract was fraudulently secured.

MICAD Project City Services Limited and James Nolan are facing 20 counts bordering on “obtaining by false pretense, money laundering and criminal conversion of proceeds of crime, to the tune N151million naira, while, in February, the International Criminal Police Organisation said, it had arrested Nolan, in Italy after he jumped bail in Nigeria 2022, in the ongoing $9.6bn P&ID scandal.

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