A federal high court in Abuja has
ordered the forfeiture of assets belonging to the Process and Industrial
Development Limited (P&ID) to the federal government.
The court gave the order after
the company represented by Muhammad Kuchezi, a commercial director of P&ID
incorporated in the British Virgin Islands, and Adamu Usman, representative of
the company in Nigeria, pleaded guilty to an 11-count charge of economic
sabotage and money laundering.
Kuchezi, the first convict, was
found guilty of counts one to 10, while Usman was convicted of counts one to
11.
The counts border on money
laundering, abuse of office and economic sabotage.
More to follow…
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