Categories: All News

P&ID Director Arraigned For Money Laundering

The Economic and Financial Crimes Commission, Abuja zone on Monday, February 1, 2021, arraigned a Commercial Director of the Process and Industrial Development, (P&ID) Limited, Mohammed Kuchazi before Justice F.O. Giwa, of the Federal High Court, Abuja.


Kuchazi and his company Kore Holdings Limited are being prosecuted on an eight count charge bothering on failure to comply with the regulations of the Special Control Unit against Money Laundering, SCUML, as stipulated by the Money Laundering Prohibition Act.

Count One of the charge reads: “That you Kore Holdings Limited, being a Designated Non-Financial Institution; Muhammed Kuchazi, being a Director of and signatory to the bank account of Kore Holdings Limited, sometimes in May 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 the activities of Kore Holdings 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”.

Kuchazi pleaded not guilty when the charge was read to him.


Prosecution counsel, Bala Sanga prayed the court for a trial date and remand of the defendant in the custody of the Nigerian Correctional Centre. The defence counsel, Aniah Ikwen, however pleaded with the Court to grant his client bail on health grounds. Justice F.O. Giwa declined the defence counsel’s request stating that the prayer cannot be granted where the defendant’s bail application has not been served to EFCC.

After listening to both counsel, the Judge remanded the defendant in EFCC’s custody and adjourned the matter till February 4, 2021 for hearing of the bail application, while fixing April 27 and 28, 2021 for commencement of trial.

Lola Smith

Recent Posts

Lagos law reform commission to update obselete laws

The newly appointed Executive Secretary of Lagos State Law Reform Commission (LAWRECOM), Mrs. Umul-Kulthum Ninilomo… Read More

February 25, 2021

LAGOS COMMENCES PHASED REFURBISHMENT OF GENERAL HOSPITALS

… As Commissioner for Health Inspects Two GHs Undergoing Renovation In line with the current… Read More

February 25, 2021

LAGOS PARTNERS USAID TO IMPROVE LANGUAGE LITERACY IN SCHOOLS

As part of efforts to encourage the teaching and learning of languages in schools, especially… Read More

February 25, 2021

OFFICE OF THE DEPUTY GOVERNOR GETS PUBLIC PROCUREMENT COMMITTEE

A charge has gone to the Public Procurement Committee of the Office of the Deputy… Read More

February 25, 2021

Lagos commence construction of Ijeododo Road to connect Igando-Ikotun and Iba to Lagos-Badagry Expressway

… Calls for Cooperation Towards the Establishment of ROW The Lagos State Government, on Tuesday,… Read More

February 25, 2021

British Govt to collaborate with Lagos govt to upgrade Otto blighted Community

The on-going urban renewal and infrastructure development of the Lagos State Government has received a… Read More

February 25, 2021

This website uses cookies.