• Latest
  • Trending
$9.6b P&ID Fraud: Nolan’s Sureties To Forfeit N50m Bonds

$9.6b P&ID Fraud: Nolan’s Sureties To Forfeit N50m Bonds

March 10, 2023
Zulum – I Will Hand Over a More Secure, Prosperous Borno to Gubio

Zulum – I Will Hand Over a More Secure, Prosperous Borno to Gubio

June 9, 2026
Nigerians Must Unite For Democracy To Develop- SGF

Democracy Day: Nigeria Economy Growing Despite Hardship- FG

June 9, 2026
NDPC to investigate alleged data breach on NIMC website

NDPC Launches Meta-Backed Data Protection Initiative in Nigeria

June 9, 2026
Nigerian Labour Leader Dies in Geneva

Nigerian Labour Leader Dies in Geneva

June 9, 2026
Yuletide: DSS Uncover Plots To Attack Public Places

DSS Docks Man Over Coup Incitement Posts Against Tinubu

June 9, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
Cross River Taskforce Shuts Illegal Clinic after Patient Death

Cross River Taskforce Shuts Illegal Clinic after Patient Death

June 9, 2026
Gunmen Abduct Schoolgirls In Zamfara

Bandits Abduct 39 Zamfara Elders During Reconciliatory Mission

June 9, 2026
Yoruba Imams Denounce Extremist Groups, Declare No Affiliation

Yoruba Imams Denounce Extremist Groups, Declare No Affiliation

June 9, 2026
2023: US To Place Visa Sanction On Individuals Seeking To Sabotage Nigeria’s Democratic Process

Nigerians Burn N50.7b on US Visas Amid High Rejection

June 9, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Tuesday, June 9, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result

$9.6b P&ID Fraud: Nolan’s Sureties To Forfeit N50m Bonds

by Present Nigeria
March 10, 2023
in News
0
$9.6b P&ID Fraud: Nolan’s Sureties To Forfeit N50m Bonds
27
SHARES
54
VIEWS
FacebookTwitterWhatsappTelegram

Justice Modupe Oso-Adebiyi of the Federal Capital Territory High Court, Gudu, Abuja, has ordered sureties to James Nolan to produce him before the court  in September 2023,   or risk forfeiting their bonds to the Federal Government.

Nolan, an Irish and a Director in the Process and Industrial Development Limited, P&ID, is facing trial on 11-count charges bordering on forgery, stealing and felony to the tune of N151,394,328.00 (One Hundred and Fifty One Million, Three Hundred and Ninety  Four  Thousand, Three Hundred and Twenty Eight Naira only).

RelatedPosts

Zulum – I Will Hand Over a More Secure, Prosperous Borno to Gubio

Democracy Day: Nigeria Economy Growing Despite Hardship- FG

NDPC Launches Meta-Backed Data Protection Initiative in Nigeria

At the resumed trial of the defendant on Thursday, March 9, 2023, Justice Oso-Adebiyi frowned at the non-appearance of Nolan in court, after series of adjournments to ensure that his counsel produced him for trial. 

“I will not give May or April to produce the defendant, but I will give you enough time to produce him before me on the first sitting in September 2023, or to show cause why you are not to forfeit the sum of Fifty Million Naira each to the Federal Government”.

The sureties, Adebisi Solomon and Michael Iyage, have severally failed to account for the whereabouts of the defendant after securing his bail.

One of the charges reads: “That you, James Nolan and Nell Murray (at large), sometime in December 2016, in Abuja, within the Abuja Judicial Division of the Federal Capital Territory High Court, conspired to commit a felony: to wit forgery of the signatures of Lloyd Quinn and Adam Quinn unto a board resolution dated 5th December 2016 appointing yourselves as members of the board of directors of MICAD PROJECT CITY SERVICES LIMITED and filed same with the Corporate Affairs Commission who verified same on the 8th day of December 2016, and thereby committed an offence contrary to section 96 of the Penal Code, Cap 532 Laws of the Federation of Nigeria (Abuja) 1990 and punishable and you thereby committed an offence punishable under section 97 of the same law”.

Count 11 reads: “That you, James Nolan, and Neil Murray (at large) sometime in February 2017 in Abuja, within the Abuja Judicial Division of the Federal Capital Territory High Court, committed theft by fraudulently taking out of the possession of MICAD CITY PROJECT SERVICES LIMITED the sum of N151,394,328.00 (One hundred and fifty one million, three hundred and ninety for thousand, three hundred and twenty eight Naira only) and you thereby committed an Offence contrary to section 286 of the Penal Code, Cap 532, Laws of the Federation of Nigeria (Abuja) 1990 and punishable under section 287 of the same law”.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share11Tweet7SendShareShare2
Previous Post

Kogi Govt Orders Arrest Of Persons, Businesses Rejecting Old Naira Notes

Next Post

Supreme Court Sacks Shekarau As Senator-Elect, Affirms Hanga

Related Posts

Zulum – I Will Hand Over a More Secure, Prosperous Borno to Gubio

Zulum – I Will Hand Over a More Secure, Prosperous Borno to Gubio

June 9, 2026
Nigerians Must Unite For Democracy To Develop- SGF

Democracy Day: Nigeria Economy Growing Despite Hardship- FG

June 9, 2026
Nigerian Labour Leader Dies in Geneva

Nigerian Labour Leader Dies in Geneva

June 9, 2026
Yuletide: DSS Uncover Plots To Attack Public Places

DSS Docks Man Over Coup Incitement Posts Against Tinubu

June 9, 2026
Next Post
Supreme Court Sacks Shekarau As Senator-Elect, Affirms Hanga

Supreme Court Sacks Shekarau As Senator-Elect, Affirms Hanga

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.