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 Ltd scandal.
Justice Okorowo, therefore, ordered that the two companies be wound up and their entire assets be forfeited to the Federal Government of Nigeria. Although the charges were amended in the course of the trial after Nolan, a director in the P&ID Ltd and the two companies, jumped bail and fled Nigeria, the EFCC applied that Nolan should be tried in absentia.NAN had earlier reported that the EFCC was prosecuting Trinity Biotech Nigeria Limited and Nolan in the charged marked: FHC/ABJ/CR/272/2022 as 1st and 2nd defendants in the case.
Fantoli and Giovanna Beccarelli, who had also been declared wanted and an arrest warrant issued against her, were said to be directors and signatories to the company’s Guaranty Trust Bank account number: 0123849451.