Fugitive Irish National Captured By INTERPOL In Italy

In a significant breakthrough in the ongoing investigation of the $9.6 billion Process and Industrial Development (P&ID) scam, the International Criminal Police Organisation (INTERPOL) has apprehended a key suspect, Mr. James Nolan, in Italy. Nolan, an Irish national and former director of P&ID Ltd., had been evading authorities since jumping bail in 2022 related to his involvement in the scandal….READ ALSO....KINDLY READ THE FULL STORY HERE▶

The arrest, which took place on January 27th, marks a crucial development in the efforts to bring those responsible for the multi-billion-dollar fraud to justice. Nolan’s capture follows an extensive international manhunt spearheaded by law enforcement agencies, including Nigeria’s Economic and Financial Crimes Commission (EFCC).

According to reports from the EFCC, Nolan was nabbed by INTERPOL while visiting his wife in Italy. The EFCC, along with other Nigerian authorities, had been working closely with INTERPOL to track down Nolan, who had been on the run for over a year.

Nolan’s alleged role in the P&ID scandal revolves around a controversial Gas Supply Processing Agreement (GSPA) signed in 2010, which resulted in Nigeria being saddled with a staggering $9.6 billion judgment debt. Despite his initial arraignment and bail in Nigeria, Nolan failed to appear in court for trial, prompting the revocation of his bail and the issuance of a bench warrant for his arrest.

With Nolan now in custody, Nigerian authorities are expected to initiate extradition proceedings to bring him back to Nigeria to face trial for his alleged involvement in the scam. Legal experts anticipate a rigorous legal battle as Nolan fights extradition and Nigerian prosecutors build their case against him.

The arrest of James Nolan underscores the determination of law enforcement agencies to hold individuals accountable for their role in perpetrating financial crimes of such magnitude. As the investigation progresses, authorities remain committed to unraveling the full extent of the P&ID scam and ensuring that all those implicated face the consequences of their actions.