$9.6bn P&ID Scam: Court Orders Arrest of Another Foreigner, Corrado Fantoli


A Federal High Court, Abuja, on Thursday, ordered the arrest of Corrado Fantoli, one of the alleged brains behind the Process and Industrial Development (P&ID) Ltd’s alleged 9.6 billion dollars scandal.

Justice Donatus Okorowo gave the order while delivering a ruling in the ex-parte motion moved by the Economic and Financial Crimes Commission (EFCC)’s counsel, Bala Sanga.

The News Agency of Nigeria (NAN) reports that Fantoli, is an associate of James Nolan, a Briton, who recently jumped bail.

An arrest warrant was issued against him and he is declared wanted by the EFCC to stand a trial in a criminal charge preferred against him and another company.

In a suit marked: FHC/ABJ/CR/273, dated June 20 and filed Aug. 5 by the anti-corruption agency, Fantoli, who is said to be at large, is expected to face an eight-count money laundering charge.

NAN reports that while the Federal Republic of Nigeria is the complainant, Resorts Express Concept Nigeria Ltd, a…

Source: Thisday Newspaper