Court orders closure of 2 companies linked to $9.6bn P&ID scam

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A Federal High Court, Abuja, on Wednesday, ordered the closure of two companies linked to the alleged 9.6 billion dollars Process and Industrial Development (P&ID) Ltd scandal.

The two companies are Trinity Biotech Nigeria Limited and Resorts Express Concept Nigeria Ltd linked to the fleeing Briton, Mr James Nolan.

Justice Donatus Okorowo, in two separate judgements, held that the two companies were found guilty of the money laundering offences and were accordingly convicted under the same Act.


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