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EFCC Arraigns Micad Project City Services, Director Over N151m Fraud
Fred Omotara, Lagos
The EFCC on Tuesday arraigned Micad Project City Services Limited and James Nolan, a Director in the company before Justice Obiora Egwuatu of the Federal High Court, Abuja on a 20-count charge of obtaining by false pretense non-compliance with the Money Laundering Act 2011 (as amended) and criminal conversion of proceeds of crime to the tune of N151,394,328.00.
In a post on Wednesday on Twitter, the EFCC said that James Nolan, a director of the company and signatory to its account, allegedly obtained by false pretense the sum of N151,394,328.00 from the Federal Capital Territory Administration