Prosecution Tenders 11 Documents In Ongoing P&ID-Related Trial Against Kore Holdings

The commission is prosecuting the company alongside Muhammed Kuchazi (now deceased) in connection with the Process & Industrial Development (P&ID) fraud case, on amended four-count charges relating to non-compliance with Federal Ministry of Industry, Trade, and Investment requirements, money laundering, and other illegal acts.

At Wednesday’s proceedings, the Second Prosecution Witness (PW2), Umar Umar, while being led in his testimony by prosecution counsel Bala Sangha, presented eleven documents which were tendered in evidence in court. These included a letter of request to the Corporate Affairs Commission (CAC), a letter of request to the Special Control Unit against Money Laundering (SCUML), extra-judicial statements made by Kuchazi to the EFCC, and statements from other directors of the company: Mustapha Kuchazi, Bello Kuchazi, Belkisu Kuchazi, Aisha Kuchazi, and the statement of PW1, Temitope Erinomo.

NAIJAONPOINT , while disclosing that Kore Holdings Limited was not a liquidated entity but was active and did business in Nigeria, stated, “The status of Kore Holdings Limited, through our investigation and interaction with the Corporate Affairs Commission (CAC) and First Bank of Nigeria Limited, revealed that there was no evidence to show that it was liquidated or closed because the documents showed that the company is active.”

“Kore Holdings Limited and Muhammed Kuchazi continually facilitated meetings between Rilwanu Lukman, the then Minister of Petroleum, and Process and Industrial Developments (P&ID) for a fee of three percent of the net profit from the P&ID project. This 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 favor of Nigeria,” he said.

Justice Abdulmalik adjourned the matter until September 24, 2025, for the continuation of the trial.