More
    Homemetro$9.6 Billion Scam Update: EFCC Presents More Evidence Against P&ID Director

    $9.6 Billion Scam Update: EFCC Presents More Evidence Against P&ID Director

    Published on

    By Milcah Tanimu

    In a recent development, the Economic and Financial Crimes Commission (EFCC) submitted additional evidence against MICAD Project City Services Limited and James Nolan, a Director of Process and Industrial Development Limited. This presentation took place before Justice Nora Egwuatu of the Federal High Court in Abuja, as disclosed in a statement by EFCC’s Head of Media and Publicity, Dele Oyewale.

    The criminal case revolves around the contentious Gas Supply Processing Agreement between Process and Industrial Development and the Federal Government of Nigeria. P&ID had initially secured an $11 billion award against the Federal Government, but the tide turned in favor of Nigeria last October when a London arbitration court nullified the award, citing fraudulent practices in securing the contract.

    In February, the International Criminal Police Organisation announced the arrest of James Nolan in Italy, following his evasion of bail in Nigeria in 2022, amid the ongoing $9.6 billion P&ID scandal.

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

    Latest articles

    Oborevwori’s Brother Allegedly Attacks Coach in ₦200,000 Debt Dispute

    Governor Sheriff Oborevwori’s younger brother, Onoriode Oborevwori, has reportedly assaulted the Delta State Head...

    Seven Ministers, Other Appointees May Quit As Tinubu Orders Resignations

    There are indications that at least seven ministers and several political appointees may soon...

    Zulum Seeks Forgiveness For Shortcomings Of His Govt

    Borno State Governor, Professor Babagana Zulum, has reaffirmed his loyalty to Vice President Kashim...

    Why I was ashamed having child out of wedlock – Bisola Aiyeola

    Nigerian reality star and actress, Bisola Aiyeola has opened up about her initial psychological...

    More like this

    Oborevwori’s Brother Allegedly Attacks Coach in ₦200,000 Debt Dispute

    Governor Sheriff Oborevwori’s younger brother, Onoriode Oborevwori, has reportedly assaulted the Delta State Head...

    Seven Ministers, Other Appointees May Quit As Tinubu Orders Resignations

    There are indications that at least seven ministers and several political appointees may soon...

    Zulum Seeks Forgiveness For Shortcomings Of His Govt

    Borno State Governor, Professor Babagana Zulum, has reaffirmed his loyalty to Vice President Kashim...