EFCC Presents Further Evidence in $9.6 Billion Scam

EFCC Presents Further Evidence in $9.6 Billion Scam: The Economic and Financial Crimes Commission (EFCC) has bolstered its case against MICAD

Project City Services Limited and James Nolan, a Director of Process and Industrial Development

Limited, in proceedings before Justice Nora Egwuatu of the Federal High Court in Abuja.

This update was confirmed by Dele Oyewale, the Head of Media and Publicity at the EFCC.

The criminal charges stem from the controversial Gas Supply Processing Agreement between

Process and Industrial Development and the Nigerian Federal Government. Initially, P&ID had

secured an $11 billion award against the government, but a London arbitration court overturned this decision in October, citing fraudulent acquisition of the contract.

EFCC Presents Further Evidence in $9.6 Billion Scam: the charges

MICAD Project City Services Limited and James Nolan currently face 20 charges,

including “obtaining by false pretence, money laundering, and criminal conversion of proceeds of crime,”

amounting to N151,394,328.00.

In a significant development, James Nolan, who fled Nigeria in 2022 while on bail amidst the $9.6 billion P&ID scandal, was apprehended in Italy by the International Criminal Police Organisation in February.

During the recent court session, the prosecution counsel, Bala Sanga, informed the court of additional

evidence submitted by the EFCC on February 20, 2024. The defense counsel, Michael Ajara, acknowledged receipt of the evidence.

The third prosecution witness, lawyer Nnedimma Eyisi, testified about James Nolan’s pursuit of a renewal of his position as Director of MICAD during Monday’s court proceedings. This testimony adds further depth to the case against Nolan and MICAD Project City Services Limited in the ongoing legal battle over the multi-billion-dollar scam.