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News Just In: EFCC arraigns officials’ of P&ID, which wants Nigeria’s $9 billion, for fraud

The Economic Financial Crimes Commission (EFCC) is arraigning four suspects for their alleged involvement in the Process and Industrial Development Limited (P&ID) deal.

The suspects are being arraigned on Thursday at the Federal High Court in Abuja, the Federal Capital Territory.

However, two people were taken to the dock at the proceedings presided over by Justice Inyang Ekwo.

The suspects are Muhammad Kuchazi, said to be a commercial director of P&ID and Adamu Usman, a director of the company in Nigeria.

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The prosecutor informed the court that there were 11 charges brought against the defendants – P&ID and another.

The defendants did not object to the charges to be read to them.

The representative of P&ID pleaded guilty to intent to defraud by obtaining property from the Cross River State government.

They also pleaded guilty to a second count of obtaining land from the Cross River State government with the intent to defraud.

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