April 18, 2024

EFCC Present More Evidence in $9.6 Billion P&ID Scam Case 

 

The Economic and Financial Crimes Commission (EFCC) has introduced additional evidence against MICAD Project City Services Limited and James Nolan, a Director of Process and Industrial Development Limited (P&ID), in the ongoing criminal case related to the controversial Gas Supply Processing Agreement between P&ID and the Federal Government of Nigeria. The case is being heard before Justice Nora Egwuatu of the Federal High Court in Abuja.

 

This development was disclosed in a statement by the EFCC’s Head of Media and Publicity, Dele Oyewale. The criminal charges, consisting of 20 counts including “obtaining by false pretense, money laundering, and criminal conversion of proceeds of crime,” amount to N151,394,328.00.

 

The original $11 billion award secured by P&ID against the Federal Government over the botched contract was set aside by a London arbitration court in October, citing fraudulent procurement of the contract. P&ID had accused the Nigerian government of breaching a gas supply and processing agreement.

 

In February, James Nolan, a key figure in the P&ID scandal, was arrested by the International Criminal Police Organisation (Interpol) in Italy after evading bail in Nigeria since 2022.

 

During the recent court session, the prosecution counsel, Bala Sanga, informed the court about the additional evidence filed on February 20, 2024. The defence counsel, Micheal Ajara, confirmed receipt of the evidence. The third prosecution witness, Nnedimma Eyisi, a lawyer, then testified, detailing how James Nolan expressed the need to renew himself as the Director of MICAD.

 

The EFCC continues to strengthen its case against the accused parties in the $9.6 billion P&ID scam, emphasizing the alleged offenses of obtaining funds through false pretense, money laundering, and criminal conversion.

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