A Federal High Court in Abuja has ratified the appointment of a liquidator by the Federal Government, acting through the Economic and Financial Crimes Commission (EFCC), for Process and Industrial Developments (Nigeria) limited (P&ID Nigeria), a company registered in Nigeria.
The liquidator is to help the federal government to trace and secure all assets and property of the P&ID Nigeria, which the court earlier ordered to be forfeited to the Nigerian government after the firm’s conviction in a judgment given on September 19, 2019.
Justice Inyang Ekwo, in an ex-parte ruling on Friday, after listening to FG’s lawyer, Bala Sanga, made an order ratifying “the appointment of Messrs Christie Makar of Lexfield Chambers, 7 Dunukofia Street, Dulux Paint building (behind), near Southern Fried Chicken, Area 11, Abuja, Federal Capital Territory, Nigeria, as the liquidator of P&ID Nigeria.
They were, among others, accused of fraudulently claiming to have acquired land from the Cross River State Government in 2010 for the Gas Supply Project Agreement (GSPA).
The two companies were represented at the arraignment earlier on Thursday by Mohammad Kuchazi, described as Commercial Director, P&ID Ltd, Virgin Island, and Adamu Usman, identified as representative of P&ID Nigeria Limited.
The two men pleaded guilty to the charge. While Usman, who is a lawyer represented himself, Kuchazi was represented by a lawyer, Dandison Akurunwua.
Justice Ekwo, after convicting both firms, ordered among others, that they be wound-up and that their property and assets be forfeited to the Federal Government of Nigeria.
The ex-parte motion granted on Friday was part of the efforts to execute the court’s judgement given on September 19, 2019.
