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P&ID Fraud: Court Convicts, Winds Up Case Against Marqott Nigeria Ltd

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How UK Judge Indicted Former Lagos AG, Supo Shasore In $10bn P&ID Scam

Justice D.U Okorowo of the Federal High Court sitting in Abuja, has convicted and wound up Marqott Nigeria Limited, one of the 30 companies associated with the Process and Industrial Development Limited, P & ID, for money laundering.

The company was convicted on Thursday, June 16, 2022 after being found guilty of four count charges bordering on money laundering preferred against it by the Economic and Financial Crimes Commission (EFCC).

Count one of the charge read: “That you, Marqott Nigeria Limited, being a designated Non-financial Institution; and Giovanni Beccarelli, Valentina Fantoli, and Dimitri Duca, being directors of and signatories to the bank account of Marqott Nigeria Limited, sometime in September 2014, in Abuja, within the Abuja Judicial Division of the Federal High Court, failed to comply with the requirements of submitting to the Federal Ministry of Industry, Trade and Investment, a declaration of activities of Marqott Nigeria Limited contrary to Section 16(1) (f) read together with Section 5(1)(a)(ii) of the Money Laundering (Prohibition) Act, 2011(as amended and you thereby committed an offence punishable under section 16(2)(b) of the same Act.”

Count two read: “That you, Marqott Nigeria Limited, being a designated Non-financial Institution; and Giovanni Beccarelli, Valentina Fantoli, and Dimitri Duca, being directors of and signatories to the bank account of Marqott Nigeria Limited, sometime in September 2014, in Abuja, within the Abuja Judicial Division of the Federal High Court, failed to develop programs to combat money laundering and other illegal acts, to wit: failure to designate at management level a compliance officer within any strata of Marqott Nigeria Limited, contrary to Section 16(1)(f) read together with Section 9(1)(a) of the Money Laundering (Prohibition) Act, 2011 (as amended) and you thereby committed an offence punishable under Section 16 (2)(b) of the same Act”.

At the point of first arraignment on February 7, 2022, the defendant pleaded “not guilty” to the charges, setting a stage for full trial.

In the course of the trial, the EFCC presented many witnesses and tendered many documents as exhibits.

In his judgment, Justice Okorowo found Marqott Nigeria Limited guilty of all the four count charges and convicted it accordingly. He also ordered that the company be wound up and its entire assets forfeited to the Federal Government of Nigeria.

Marqott was first arraigned on Monday, February 7, 2022 for being an accomplice in the $9.6bn Gas Supply and Processing Agreement between the Ministry of Petroleum Resources and P&ID.

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Don’t Leave Nigeria To Those Messing Up The Country, Obasanjo Begs Nigerian Youths As He Offers Free Keke Ride

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Former President, Olusegun Obasanjo, was behind the wheels of a tricycle (Keke) on Saturday.

Obj, as fondly called, rode through some roads in Abeokuta, capital of Ogun, to pick passengers.

The sight caught the attention of many who cheered the former Head of State and also took photos.

The elder statesman, who offered rides to citizens, moved through Moshood Abiola, NNPC Mega Station, Kuto Market, among others.

The activity was part of OBJ @ 85 Free Keke Programme of the Youth Development Centre of Olusegun Obasanjo Presidential Library (OOPL).

In his remarks, Obasanjo appealed to the youths not to leave Nigeria to those messing it up.

The ex-leader said despite the challenges, they should try to take advantage of available opportunities to make an impact.

“Things are not what they should be but youths, individually and collectively, must make contributions in order to make things the way they should be.

“If you leave things to those who are messing it up for you and who are saying you are the leaders of tomorrow, you will never have that tomorrow.

“God has given you innate ability to be what He wants you to be. If you make up your mind, God will help you and provide people who would help you”, he added.

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We Must Fix Nigeria, Stop Europe-Bound Migrants Through Desert – Shettima

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Former Governor of Borno State, Kashim Shettima, has decried the migration of Nigerians to European countries for greener pastures through Libya.

The PUNCH reports that no fewer than 774 stranded Nigerians have been repatriated from Libya between August ,2021 and June 1, 2022.

But Shettima believed that the country must be fixed to put a stop to migration of citizens crossing through the desert from Nigeria to Libya with the hope of getting to Europe.

He spoke at the investiture ceremony of the Managing Editor, Northern Operations of The Nation newspapers, Yusuf Ali, as the 11th president of the Rotary club of Abuja, Maitama.

Shettima, however, called for the unity of Nigerians to overcome the challenges bedeviling the country.

He said, “We have to make this country work. Nigerians would not need to go through Libya to get to Europe for survival. I believe if we are united Nigeria will survive and that is why I am proud of the Rotary club.”

Shettima also urged Nigerians to dedicate their lives to service to humanity, adding that ‘individualism, and worship of money’ were making life unpleasant in the country.


He said, “Every lifetime, that has been dedicated to professional excellence and community good, represents the type of life, that we must valorise, especially given how much we have become swamped, by an inordinate worship of the cult of money; individualism, and a crass materialism, that has increasingly made life so nasty, brutish and short, in our country, to borrow the words of the Political Philosopher, Thomas Hobbes.”

When asked about the jostle for the vice presidential candidate of the APC, Shettima declined comment.

He said, ” This is a non partisan event it will be an insult to make a political comment here. At the appropriate time we will talk politics.”

In his remarks, Ali called on the government to ensure Nigerians have access to basic infrastructures.

He warned that failure to do this would spell doom for the nation.

Ali said, “Unless all Nigerians have access to basic needs, we won’t be able to make it as a nation. We have abundant human resources but our souls are weak and malfunctioning.”

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Shun Grievances, Work For APC In 2023, Amaechi Tells Supporters

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The immediate past Transport Minister, Rotimi Chibuike Amaechi, has directed his supporters in Rivers State to set aside their anger and work for the victory of the All Progressives Congress (APC) in 2023.

Amaechi, a former governor of the state, spoke on Saturday, when thousands of APC supporters trooped out in Port Harcourt to give him grand reception after the Presidential primary election.

The former minister, who came second at the primary poll, was received by party enthusiasts, who followed him from the Port Harcourt International Airport, Omagwa, to the APC state secretariat in Port Harcourt.

Amaechi, who vowed to stay in Rivers and ensure the victory of APC, appealed to his supporters to return to their various units and work for the APC in 2023.

He said: “Please, in the contest for the presidency, we should know that we must go and vote for our party, no matter how angry you are, they have chosen, let’s go and vote for our party.

“For the stories you hear about the people who are gossiping how they are having meetings in France, let this be your own France. Vote for your party, don’t be afraid, just go home and do your work.

“Don’t be afraid, go home and work, that’s why I came, I came to thank you, I came to urge you to go home and work, let all of us be unit leaders, no more local government leaders, ward leaders.

“If you check in INEC, they are no longer announcing ward results, they are announcing unit results. So let go home and win our units and bring our units home.

“Those days of meeting, writing results have all gone, we must praise INEC, praise the National Assembly for reducing the level of rigging, where people write results and INEC will just announce, now it is almost gone.”

In his remarks, the state APC governorship candidate, Tonye Cole, assured supporters that the APC would be on the ballot in 2023.

He said: “My mission here is three-fold, one to reassure you that we will be on the ballot, number two, that there is no court case that we will lose because God is on our side, number three, we have won already.

“Why have we won? Because at the grassroots, we are number one, number two, on every ballot, we are number one, number three, we serve a God that is number one.”

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