The Economic and Financial Crimes Commission, EFCC, today October 18, 2021, re-arraigned two British nationals, James Richard Nolan and Adam Quinn (at large), before Justice D.U. Okorowo of the Federal High Court, Abuja for their alleged complicity in the controversial Process and Industrial Development gas processing contract, leading to the $9.6bn arbitral award to P&ID Limited by a United Kingdom commercial court.
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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 the 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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