By Alex Enumah in Abuja
Justice Inyang Ekwo of the Federal High Court, Abuja on Thursday ordered the forfeiture of assets belonging to Process and Industrial Development (P&ID) limited to the federal government.
The order of forfeiture was made following the conviction of the firms on an 11 count charge bordering on economic sabotage, money laundering, tax evasion amongst others preffered against them by the federal government.
P&ID Ltd, the parent company incorporated in the British Virgin Island, was represented by its Commercial Director, Mohammad Kuchazi, while P&ID Nigeria Limited was represented by Adamu Usman.
The defendants pleaded guilty to all the charges read against them and the court consequently convicted them based on their plea of guilt.
After their conviction, counsel to the first defendant, Dandison Akurunwa, prayed the court to consider the cooperation showed by the first defendant in not wasting the time of the court and for admitting guilt in the charge.
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