P&ID Scam: EFCC re-arraigns Nolan, two others
The Economic and Financial Crimes Commission, (EFCC), on Monday 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 awards to P&ID Limited by a United Kingdom commercial court.
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.
Exclusive! Hope rises on take-off of proposed $3bn Badagry Deep Seaport as NPA, APMT resume discussion
The approval was finalised following a presentation by the Federal Ministry of Transportation at the Federal Executive Council (FEC) during the last administration of President Mohammed Buhari.
According to officials, the port is expected to generate $53.6 billion in revenue over the 45 years concession period.
The proposed site of the project is located 55km west of Apapa and the port of Lagos, along the 55km long Lagos-Badagry Expressway, which is being upgraded from a four-lane to a ten-lane expressway.
The port is expected to have an annual throughput capacity of 1.8 million Twenty-foot Equivalent Units (TEUs).
The proposal for the project was announced in 2012. Feasibility studies have been completed and construction works are yet to start.
The project will be implemented in four phases, with the overall project cost estimated to range between $2 billion and $3 billion.
Also, it is expected that the new port will primarily ease pressure on the existing ports of Lagos, Apapa and Tin-Can Ports, which handle approximately 85 percent of the country’s non-oil throughput.
It will further alleviate the burden on the country’s existing ports, which are on the verge of exceeding their cargo handling capacities, and address the country’s annual container traffic, which is expected to grow to 10 million Twenty-foot Equivalent Units by 2030.
Plans for the adjoining Badagry Free Trade Zone will include a power plant, oil refinery, industrial park and warehousing and Inland Container Deport functions.
Jamoh, Bello- Koko, serial award winners, bag National Productivity merit awards
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Yusuf Jamoh, is gradually turning into a serial award winner as he has landed yet another plaque of honour from the federal government.
An excited Jamoh expressed appreciation to the Federal Government, noting that it is a call to greater service to our Fatherland.“I am spurred by this award, particularly as it is coming from the Federal Ministry of Labour and Productivity, which underscores the ministry’s role in ensuring reward for hard work and productivity in public service”
“Let me also use this opportunity to dedicate the award to the industry’s stakeholders; external and internal, as they have made our work easier as an administration.
“We will continue to strive to make the maritime sector a viable economic driver, especially with the Blue Economy mantra, which is critical to the sustainability of the maritime sector”, Jamoh said.
Commenting the on the selection of the Permanent Secretary of the Federal Ministry of Transportation, Dr. Magdalene Ajani, the DG said it is a well-deserved honour, as she has remained a core professional and astute administrator in the coordination of activities in the Ministry and the Agencies under the supervision of the Ministry.
“I am not surprised by her selection, as she is an administrator par excellence and has remained resolute and professional in the discharge of her duties.
”This conferment can only spur me and the entire team at the Nigerian Ports Authority whose commitment to exceptional performance culminated in this recognition, to continue pushing the limit and advancing the frontiers of trade facilitation.
”Imbued with the understanding that excellence is a moving target, I want to seize this moment to assure that we will not rest on our laurels in our resolve to turn our rich maritime potentials into actualities’, an elated Koko declared.
The National Productivity Order of Merit Award was instituted by the Federal Government of Nigeria to recognize and honour productive individuals and organizations in Nigeria in the year of the award for achievements made in the preceding years.
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