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

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James Nolan

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).

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.

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