Two British nationals, James Nolan and Adam Quinn (at large), were re-arrested by the Economic and Financial Crimes Commission (EFCC) on Monday before Justice Donatus Okorowo of the Federal High Court in Abuja.
They were re-arrested for alleged collusion in the highly publicized Process and Industrial Development gas processing deal, which resulted in a $9.6 billion arbitral award to P&ID Limited by a UK commercial court.
Both directors of Goidel Resources Limited, a Designated Non-Financial Institution (DNFI), and ICIL Limited, the defendants were re-arrested on 32 counts of 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 read, “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).”
The third defendant (Nolan) pled not guilty to the charges after they were read to them.
Quinn, who is still at large, was unable to enter a plea, but his prosecutor, Ekele Iheanacho, requested that his plea be entered as “guilty,” which the judge granted.
Iheanacho requested a trial date in light of Nolan’s not guilty plea.
Following that, Justice Okorowo delayed the case until December 13 to begin the trial.
