Two directors of the Process and Industrial Development Limited (P&ID), an Irish engineering company, on Thursday pleaded guilty to charges of economic sabotage 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.
The Economic Financial Crimes Commission (EFCC) earlier on Thursday arraigned the suspects for their alleged involvement in the Process and Industrial Development Limited (P&ID) deal.
Two of the suspects, according to Channels Television, were arraigned at the Federal High Court in Abuja before Justice Inyang Ekwo.
The prosecutor informed the court that there were 11 charges brought against the defendants – P&ID and another.
The defendants did not object to the charges to be read to them.
The representative of P&ID pleaded guilty to intent to defraud by obtaining property from the Cross River State government.
They also pleaded guilty to a second count of obtaining land from the Cross River State government with the intent to defraud.
More to follow…
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