BREAKING: P&ID Officials, Co-Defendant Plead Guilty To Fraud Charges

The Process and Industrial Development (P&ID) representatives and its co-defendant have pleaded guilty to the 11 count charges brought against them by the Economic and Financial Crimes Commission, EFCC. 

The EFCC had arraigned the suspects on an 11 count charge of economic sabotage, abuse of office and money laundering on Thursday at the Federal High Court in Abuja, the Federal Capital Territory.

The proceeding was presided over by Justice Inyang Ekwo.

THE WHISTLER learnt that the suspects are a commercial director of P&ID,  Muhammad Kuchazi and a director of the company in Nigeria, Adamu Usman. Kuchazi was found guilty of count 1-10 while Usman was convicted of count 1-11.  

Justice Ekwo convicted the accused based on the plea taken. He thereafter ordered the firm to forfeit all its assets to the Nigerian government.  

Recall that the government vowed to arraign the people allegedly involved in the gas processing plant contract which culminated into a judgment of $9.6billion against the FG by a court in the United Kingdom.

The federal government entered into the contract with P&ID in 2010 during the government of late President Umaru Yar’Adua.