News Formal

Court orders closure of two companies linked to $9.6bn P&ID scam

  • 📰 thecableng
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

A federal high court in Abuja has ordered the closure of two companies linked James Nolan, a British national, facing trial over...

A federal high court in Abuja has ordered the closure of two companies linked to James Nolan, a British national, facing trial over his involvement in the Process and Industrial Developments Limited fraud.

Consequently, Okorowo ordered that the companies be wound up and their assets be forfeited to the federal government. Fantoli, also a foreigner and an associate of Nolan, was one of the suspects behind the alleged $9.6 billion P&ID fraud.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Court orders closure of 2 companies linked to $9.6bn P&ID scamAn Abuja Federal High Court, on Wednesday, ordered the closure of two companies linked to the alleged 9.6 billion dollars Process and Industrial Development (P&ID) Ltd scandal.
Source: DailyPostNGR - 🏆 11. / 59 Read more »