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 (P&ID) Ltd scandal.
The two companies according to a Pointblanknews.com source are Trinity Biotech Nigeria Limited and Resorts Express Concept Nigeria Ltd linked to the fleeing Briton, Mr James Nolan.
Justice Donatus Okorowo, in two separate judgements, held that the two companies were found guilty of the money laundering offences and were accordingly convicted under the same Act.
Justice Okorowo, therefore, ordered that the two companies be wound up and their entire assets be forfeited to the Federal Government of Nigeria.
The judge had, on May 6, adjourned the two separate charges filed by the Economic and Financial Crimes Commission (EFCC) against the two companies and the British national for judgment.
Justice Okorowo fixed the date after counsel for the EFCC, Bala Sanga, and the defence lawyer, Michael Ajara, adopted their final written addresses and made their submissions in the matters.
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.
Nolan was declared wanted and an order was made for his arrest anywhere he is sighted.