The Economic and Financial Crimes Commission (EFCC) has charged two Britons for alleged money laundering in connection with an ill-fated gas deal.

The EFCC said in a statement that both men were directors of two companies that the agency alleged failure to report to the anti-graft agency a single deposit of $125,000 into a local account.

The federal government will have to forfeit assets worth more than $9 billion to P&ID if the suit goes the company’s way.

Reuters reports that this week, James Richard Nolan and Adam Quinn pleaded not guilty in an Abuja court to 16 counts of money laundering as put forward by the EFCC.

The judge remanded Nolan in prison until his application for bail is considered.

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