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Alex Enumah in Abuja Justice Inyang Ekwo of the Abuja Division of the Federal High Court yesterday ratified the appointment of a liquidator for Process and Industrial Developments (Nigeria) Limited (P&ID Nigeria), a company registered in Nigeria. The federal government, acting through the Economic and Financial Crimes Commission (EFCC), had appointed the liquidator to help 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 firmâs conviction in a September 19, 2019 judgment. While delivering ruling in an ex-parte application moved by FGâs lawyer, Mr. Bala Sanga, Justice Ekwo made an order ratifying âthe appointment of Messrs Christie Makar of Lexfield Chambers, Abuja, as the liquidator of P&ID Nigeria.â ....
Alex Enumah in Abuja Justice Inyang Ekwo of the Abuja Division of the Federal High Court on Friday ratified the appointment of a liquidator for Process and Industrial Developments (Nigeria) Limited (P&ID Nigeria), a company registered in Nigeria. The federal government, acting through the Economic and Financial Crimes Commission (EFCC), had appointed the liquidator to help trace and secure all assets and property of P&ID Nigeria, which the court earlier ordered to be forfeited to the Nigerian government after the firm’s conviction in a September 19, 2019 judgment. While delivering ruling in an ex-parte application moved by the federal government’s lawyer, Mr Bala Sanga, Justice Ekwo made an order ratifying “the appointment of Messrs Christie Makar of Lexfield Chambers, Abuja, as the liquidator of P&ID Nigeria”. ....
Justice Giwa-Ogunbanjo also ruled that the sureties must have landed property in Abuja and deposed to affidavit of means. The judge held that before Kuchazi travels outside the shores of the country for medical attention, he must notify the court through a written letter. She ordered that the travel documents be submitted to deputy registrar of the court. Giwa-Ogunbanjo, who directed that the defendant be kept in the EFCC custody pending when he was able to perfect his bail, adjourned the matter until April 27 and 28 for commencement of trial. Earlier, Kuchazi’s Lawyer, Felix Tyokase, told the court about the bail application brought pursuant to relevant sections of the law. ....
P&ID Director Docked For Flouting SCUML Regulations P&ID Director Docked For Flouting SCUML Regulations The Economic and Financial Crimes Commission, Abuja zone on Monday, arraigned a Commercial Director of the Process and Industrial Development, (P&ID) Limited, Mohammed Kuchazi before Justice F.O. Giwa, of the Federal High Court, Abuja. Kuchazi and his company Kore Holdings Limited are being prosecuted on an eight-count charge bothering on failure to comply with the regulations of the Special Control Unit against Money Laundering, SCUML, as stipulated by the Money Laundering Prohibition Act. Count One of the charge reads: “That you Kore Holdings Limited, being a Designated Non-Financial Institution; Muhammed Kuchazi, being a Director of and signatory to the bank account of Kore Holdings Limited, sometimes in May 2014, in Abuja, within the Abuja Judicial Division of the Federal High Court, failed to comply with the requirements of submitting, to the Federal Minis ....