Justice Okon Abang of the Federal High Court, Abuja remanded a Briton in prison today for his alleged complicity in the $9.6bn arbitral award to Process and Industrial Development Limited by a United Kingdom commercial court.
Sent to prison until 20 November is James Richard Nolan, a director of Goidel Resources Limited. He and and Adam Quinn, son of Michael Quinn, the late co-founder of P&ID. were charged today by #EFCC, but the younger Quinn was said to be at large.
The defendants, both directors of Goidel Resources Limited, a Designated Non-Financial Institution (DNFI) and ICIL Limited, were docked on a 16 count- charge bordering on money laundering.
After the charges were read to them, the defendants pleaded ‘not guilty’ to the charges and Justice Abang ordered the remand of the defendants in prison custody, pending the consideration of their bail applications.
The EFCC had similarly arraigned two Nigerian directors of P&ID and a retired legal officer of the NNPC agency that signed the fraudulent gas supply deal with P&ID, on behalf of the Nigerian government.
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