British national Nolan, two others re-arraigned over $9.6bn P&ID scam
The Economic and Financial Crimes Commission, EFCC, 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.
They were arraigned for their alleged complicity in the controversial
Process and Industrial Development (P&ID) 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 (DNFI) and ICIL Limited, were docked on
a 32 count- charge bordering on money laundering.
Count 21 of the charge read: “That you, ICIL LIMITED, JAMES
RICHARD NOLAN and ADAM QUINN (at large) 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).”
Another count reads: “That you, ICIL LIMITED, JAMES RICHARD
NOLAN and ADAM QUINN (at large) between January and December, 2009 in Abuja
within the Abuja Judicial Division of the Federal High Court, used the total
sum of N26, 366, 748.91 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)”.
After the charges were read to them, the third defendant
(James Richard Nolan) pleaded ‘not guilty’ to the charges.
Adam Quinn, who is at large, was not available to take his
plea. But prosecuting counsel, Ekele Iheanacho requested that his plea be
recorded as “guilty” which the judge granted.
In view of Nolan’s not guilty plea, Iheanacho asked the
court for a trial date.
However, defence counsel, Micheal Ajara applied to the court
for the defendant to continue enjoying the bail granted to him by Justice Okon
Abang, which the prosecuting counsel did not oppose.
Justice Okorowo thereafter adjourned the matter till
December 13, 2021for commencement of trial.
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