The Economic and Financial Crimes Commission,
EFCC on Wednesday, April 2, 2025 tendered additional
evidence against Kore Holdings Limited before Justice
J. O. Abdulmalik of the Federal High Court Abuja.
The Commission is prosecuting the
company alongside Muhammed Kuchazi (now deceased) in connection with
the Process & Industrial Development, P&ID fraud portfolio on
amended four-count charges that border on non-compliance with Federal
Ministry of Industry, Trade and Investment requirements, money laundering
and other illegal acts.
At Wednesday’s proceedings, Second Prosecution
Witness, PW2, Umar Umar, while being led
in his testimony by prosecution counsel, Bala Sangha,
advanced eleven documents which were tendered in evidence in
court. They include, a letter of request to Corporate Affairs
Commission, CAC, letter of request to Special Control Unit against Money
Laundering, SCUML, extra-judicial statements of Kuchazi which he
voluntarily made to the EFCC, statements of other directors of the
company: Mustapha Kuchazi, Bello Kuchazi, Belkisu Kuchazi, Aisha Kuchazi
and statement of PW1, Temitope Erinomo.
The witness, while disclosing that Kore Holdings
Limited was not a liquidated entity but was active and did businesses in
Nigeria, submitted that “The status of Kore Holdings Limited through our
investigation and interaction with Corporate Affairs Commission, CAC and
First Bank of Nigeria Limited revealed that there was no evidence to show
that it was liquidated or closed up because the documents showed that
the company is active.
“Kore Holding Limited and Muhammed Kuchazi continually
facilitated meetings between Rilwanu Lukman, the then Minister of
Petroleum and the Process and Industrial Developments, P&ID for a fee of
three per cent of the net profit of P&ID project which led
Kuchazi to testify against the Federal Republic of Nigeria in the
High Court of England and Wales in the matter of Nigeria Vs
P&ID in the first quarter of 2023 in which judgment was
delivered in favour of Nigeria,” he said.
Justice Abdulmalik adjourned the matter till September
24, 2025 for continuation of trial.
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