The Federal High Court has ordered the closure of the Process and Industrial Development British virgin Island and its Nigerian subsidiary.
The court also order that their assets be forfeited to the federal government.
The Economic and Financial Crimes Commission arraigned two firms that were linked to the controversial oil contract that led to the judgement of the British Court, which ordered the seizure of Nigeria’s foreign assets, worth $9.6 billion.
Advertisement
The firms, P&ID Ltd, Virgin Island and its Nigerian affiliate, P&ID Nigeria Ltd, pleaded guilty to the 11-count which bordered on fraud and tax evasion.
Related posts:
Cocaine deal: Abba Kyari, others arraigned in court as 2 co-defendants plead guilty
Two whistle-blowers plead guilty for giving false information in Bayelsa
California parents who starved 13 children plead not guilty
Hong Kong Politics: ‘Occupy’ leaders plead not guilty to public nuisance charges
BREAKING: Sowore, Bakare plead not guilty to Treasonable Felony charges
Chidinma Ojukwu, 1 Other plead not guilty for Ataga murder
Suspended Police Officer plead not Guilty to Christmas Day Murder
U.S: Fmr Memphis police officers charged with Tyre Nichols death plead not guilty
