EFCC Exposes Current ATM, PoS Scams, Advises Nigerians On How Not To Lose Money

EFCC Witness Reveals Escape Of Trinity Biotech’s MD Amid $9.6bn Fraud Trial

1 min read

An EFCC witness has revealed how Trinity Biotech’s MD, Patrick Nash (also known as Gerald Nash), escaped arrest and fled the country amid the $9.6 billion P&ID fraud trial.

In a dramatic twist to the ongoing trial of the $9.6 billion Process and Industrial Development Limited (P&ID) fraud case, a key witness from the Economic and Financial Crimes Commission (EFCC) revealed on Thursday, September 21, 2023, how the Managing Director of Trinity Biotech Nigeria Limited, Patrick Nash, also known as Gerald Nash, managed to evade arrest and flee the country.

Umar Hussein Babangida, the prosecution witness, shared this startling revelation during the proceedings at the Federal High Court in Abuja, presided over by Justice D.O. Okorowo.

Babangida informed the court about the diligent efforts made by his team to locate and apprehend Patrick Nash, the Irish national accused of involvement in the massive fraud.

He stated, “My team visited the office of Trinity Biotech Nigeria Limited, located on the 1st floor, Oyo State House, Ralph Shodende Street, Abuja, where efforts were made to trace the Managing Director, whose name is Patrick Nash, also known as Gerald Nash, an Irish, but we were informed by the company’s directors, Ibrahim Millar and Uzor Eneli, that he has long left the country.”

READ ALSO  Nze Duru Felicitates Akpabio @ 61

READ ALSO: FG Launches Talent Export Program For Youth Employment

Under cross-examination by the defense counsel, Michael Ajara, Babangida explained that he headed the investigative team, and their inquiry was initiated following a petition from the office of the Attorney General and Minister of Justice.

This petition was a response to a judgment against the Federal Republic of Nigeria, amounting to $9.6 billion, in favor of P&ID company.

Babangida continued, “My team and I interacted with the Federal Ministry of Petroleum to aid our investigation. We also relied on responses from the Corporate Affairs Commission (CAC), where requests were made for information regarding the company’s name, names and addresses of shareholders, changes, and other available documents, which they provided as evidence. We further received a written reply from the Special Control Unit Against Money Laundering (SCUML) to aid the investigation.”

READ ALSO  Moodys Upgrades Nigeria's Credit Outlook To Positive Amid Inflation Rate Of 27.33%

During the investigation, Babangida’s team summoned and interrogated the two directors of Trinity Biotech Ltd, Ibrahim Millar and Uzor Eneli, who willingly provided statements relevant to the case.

Justice Okorowo subsequently adjourned the matter, scheduling it to continue on November 20 and 21, 2023, as the legal battle surrounding the $9.6 billion P&ID fraud case unfolds.


Support Investigative Journalism and Mentorship

Courageous Journalism of Truth,Transparency and Development is in the DNA of Prime Business Africa; By donating as little as N1000 or $1 today, you are helping to keep credible journalism and life-changing information free for all.

READ ALSO  EPL: Salah Scores Landmark Liverpool Goal, Reds Go Top 
+ posts

Leave a Reply

Your email address will not be published.