The Commercial Director of Process and Industrial Development (P&ID), Muhammed Kuchazi, was on Monday, arraigned before Justice Folashade Giwa-Ogunbanjo of the Federal High Court, Abuja, on eight counts bordering on money laundering, by the Economic and Financial Crimes Commission (EFCC).
Kuchazi was arraigned alongside his company, Kore Holdings Limited, on alleged money laundering related charges. Kuchazi, a Nigerian and a sole signatory of the company, would have benefitted the sum of 300 million dollars in the P&ID’s 9.6 billion dollars judgment deal against Nigeria, if the case was succeeded.
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