Financial and Monetary Crimes Fee has arraigned two British nationals, James Nolan and Adam Quinn (at giant), earlier than Justice Okon Abang of the Federal Excessive Courtroom, Abuja.
They had been charged on Monday for alleged complicity within the controversial $9.6bn arbitral award to Course of and Industrial Growth Ltd., by a United Kingdom industrial courtroom.
The EFCC Spokesman, Wilson Uwujaren, in an announcement issued in Abuja, stated the defendants, each administrators of Goidel Sources Restricted, a Designated Non-Monetary Establishment and ICIL Restricted, had been charged with 16 counts bordering on cash laundering.
Depend one of many expenses learn, “That you James Richard Nolan and Adam Quinn(at large), sometime in December 2013 in Abuja, within the jurisdiction of this honourable court, being Directors of Goidel Resources Limited, a Designated Non-Financial Institution aided the said company in failing to comply with the requirement of submitting to the Federal Ministry of Industry, Trade and Investments a declaration of the activities as specified under section 5 (1)(a) of the Money Laundering Prohibition Act, 2011, as amended and you thereby committed an offence contrary to section 18(a) of the Money Laundering Prohibition Act, 2011, as amended and punishable under section 16 (2b) of the same Act.”
The defendants pleaded not responsible to the costs and made oral software for bail.
In the meantime, Justice Abang struck out depend 9 out of the 16 expenses on the grounds that “a court of law has no jurisdiction to entertain a charge against a non-registered person.”
Nonetheless, the courtroom remanded Nolan in jail custody pending the consideration of his bail software.