Two directors of the Process and
Industrial Development Limited (P&ID), an Irish engineering company, have
been convicted of charges bordering on economic sabotage and money laundering.
They had pleaded guilty to the charges
levelled against them by the federal government.
Muhammad Kuchazi, commercial
director of P&ID, British Virgin Islands, and Adamu Usman, a director of
the firm in Nigeria, pleaded guilty to 11 counts of economic sabotage and money
laundering at a federal high court in Abuja on Thursday.
The suit was filed following a $9
billion judgement awarded against Nigeria by a British court in favour of
P&ID in August.
The company claimed it entered a
contract to build a gas processing plant in Calabar, Cross River state, with
the Nigerian government, but that the deal collapsed because the government did
not fulfil its own end of the bargain.
It then sued Nigeria at the
British court, and secured judgement in its favour.
Umar Babangida, an official of
the Economic and Financial Crimes Commission (EFCC), testified against the
accused in what is one of the swiftest trials so far.
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