A Federal High Court, Abuja, on Thursday, ordered the arrest of one of the alleged brains behind the Process and Industrial Development (P&ID) Ltd’s alleged 9.6 billion dollars scandal, Corrado Fantoli.
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 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 company, and Fantoli are 1st and 2nd defendant respectively in the suit.
Fantoli and Giovanna Beccarelli, who had also been declared wanted and an arrest warrant issued against her, are said to be directors and signatories to the company’s Guaranty Trust Bank account number: 0123849451.
When the matter was called on Thursday for the defendants’ arraignment, Fantoli was neither in court nor represented by a lawyer.
Charges were, however, read against the 1st defendant (the company) and the EFCC ‘s lawyer notified the court about…
