Witness narrates how Ex-HoS, allies diverted public funds to private companies in court
EFCC re-arraigns Nolan, two others over $9.6bn P&ID scam
By Joseph Ayinde
The Economic and Financial Crimes Commission, on Monday, re-arraigned two British nationals, James Richard Nolan and Adam Quinn (at large), before Justice D.U. Okorowo of the Federal High Court, Abuja for their alleged complicity in the controversial Process and Industrial Development gas processing contract, leading to the $9.6bn arbitral award to P&ID Limited by a United Kingdom commercial court.
The defendants, both directors of Goidel Resources Limited, a Designated Non-Financial Institution and ICIL Limited, were are facing a 32 count- charge bordering on money laundering.
Count 21 of the charge read: “That you, ICIL LIMITED, James Nolan and Adam Quinn between January and December 2008 in Abuja within the Abuja Judicial Division of the Federal High Court, used the total sum of N52,202,392.91 when you reasonably ought to have known that the said fund formed proceed of your unlawful activities to wit: Tax evasion and failure to submit Value Added Tax returns and you thereby committed an offence contrary to section 15 (2) (d) and punishable under section 15(3) of the Money Laundering Prohibition Act, 2011 (as amended by Act No. 1 of 2012).”
A statement by the EFCC spokesman, Wilson Uwujaren, said Nolan pleaded not guilty to the charges while Quinn, who is at large, was not available to take his plea.
But the prosecuting counsel, Ekele Iheanacho requested that his plea be recorded as guilty, which the judge granted.
