P&ID: EFCC arraigns two British nationals for money laundry

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Adelani Adepegba , Abuja
The Economic and Financial Crimes Commission on Monday arraigned two British nationals, James Nolan and Adam Quinn ( at large), before Justice Okon Abang of the Federal High Court , Abuja .
They were charged for alleged complicity in the controversial $ 9 . 6 bn arbitral award to Process and Industrial Development Ltd . , by a United Kingdom commercial court.
The defendants , both directors of Goidel Resources Limited, a Designated Non – Financial Institution and ICIL Limited , were charged with 16 counts bordering on money laundering .
Count one of the charges read, “ 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 (2 b) of the same Act. ”
The defendants pleaded not guilty to the charges , while Justice Abang struck out count nine of the charge on the grounds that “a court of law has no jurisdiction to entertain a charge against a non- registered person . ”
The prosecution , Bala Sanga , asked the court for a trial date and an order to remand the defendants in prison custody .
However , defence counsel , Okwudili Anozie , moved an oral application for the bail of his clients, but Sanga objected to the application.
“ We object to the oral application of the defendant. We would be requesting an affidavit showing cause , why the bail should be granted , ” he said .
After hearing Anozie ’ s argument , Abang refused the oral application for the bail of the defendants and adjourned till November 20 and 21, 2019 , for the commencement of trial .
The EFCC spokesman , Wilson Uwujaren , in a statement said the court remanded Nolan in prison custody pending the consideration of his bail application.
https://punchng.com/pid-efcc-arraigns-two-british-nationals-for-money-laundering/#

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