This development followed the conviction of the involved firms on 11-count charge bordering on economic sabotage, money laundering, tax evasion amongst others preferred 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. After their conviction, counsel to the first defendant, Dandison Akurunwa, prayed the court to temper justice with mercy and consider the cooperation showed by the first defendant in not wasting the time of the court and for admitting guilt in the charge.
However, prosecution counsel, Bala Sanga urged the court to deliver its sentence in line with the provisions of the Money Laundering Act which stipulates the winding up of the firm as well as forfeiture of all their assets to the federal government.
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