Nigeria's EFCC provides more evidence in $ 9.6 billion p & id fraud case against choirs Holdings

During the proceedings, the second prosecuting witness (PW2), Umar Umar, proposed eleven key documents to the court. The Commission for Economic and Financial Crimes (EFCC) presented additional evidence on Wednesday before Justice Jo Abdulmalik of the Federal High Court, Abuja, in the continued trial of choirs Holdings Limited about its alleged $ 9.6 billion scam and industrial development (P&D). Choirs Holdings are being prosecuted with the late director, Muhammed Kuchazi, on amended costs of four scores, including violations of federal commercial regulations, money laundering and other financial crimes. During the proceedings, the second prosecuting witness (PW2), Umar Umar, proposed eleven key documents to the court. This includes a letter in which information from the Corporate Affairs Commission (CAC), a request to the Special Property Unit against Money Laundering (Scuml), voluntary statements made by the late Muhammad Kuchazi, to the EFCC, and statements from other company directors: Mustapha Kuchazi, Bello Kuchazi, Belkisu Kuchazi, Aisha Kuchazi, PW1, Perin, Belkisu Kuchazi, Aisha. Umar also confirmed that choirs Holdings remained an active entity during the investigation, and the allegations refuted that the company was liquidated, according to parts Oyewale, Head of Media & Publicity, EFCC. The witness further testified that choirs Holdings and Kuchazi facilitated meetings between former Petroleum Minister Rilwanu Lukman and P&D, and allegedly received a 3% fee of the net profits of P&D. Kuchazi previously testified against Nigeria during the $ 9.6 billion Arybitation case in a British court, which Nigeria later won in 2023. Justice Abdulmalik adjourned the case until September 24, 2025 for further proceedings. Choirs Holdings Limited is accused of not meeting the requirement to report its activities to the Federal Ministry of Industry, Trade and Investment and to neglect to develop programs to combat money laundering and other illegal activities. One of the Counts Reads: “That you kore holdings limited, being a designated non-financial and signatory to the bank account of Kore Holdings Limited; Sometime in Court, failed to develop programs to combat money launing and an internal audit unit to ensure. Contrary to Section 16 (1) (f) Read Together with Section 9 (1) (D) of the Money Launing (Prohibition) Act, 2011 (as amended) and you have a violation that is punishable in terms of section 16 (2) (b) of the same act. Muhammed Kuchazi (now deceased), a director of and signatory to the bank account of choirs Holdings Limited; Holdings limited to ensure that the compliance and efficacy of measures are taken to enforce the Prohibition of Money Laundry Act 2011 (as amended), as opposed to section 16 (1) read with section 9 (1) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and thus undertakes a violation under section 16 (2) (B) of the same conduct. ‘