EFCC Names First 18 Suspects To Be Arraigned Over $6.8Billion Fuel Subsidy Fraud

Published 7 years ago by: Betty Chigozie
at 24-07-2012 04:46PM (7 years ago)

(1443 | Gistmaniac) (f)

The Economic and Financial Crimes Commission, EFCC, has concluded arrangements to prosecute the first batch 20 suspects implicated in the oil subsidy fraud. The suspects, comprising six oil companies and 11 individuals, will be docked in Lagos courts.

The companies involved are:

Nasaman Oil Services
Eternal Oil and Gas Plc
Ontario Oil & Gas Plc
Nadabo Energy Limited
Pacific Silver Line Limited, Axenergy Limited and
Fago Petroleum and Gas Limited.

 
The 11 individuals involved in the scam are:

Mamman Nasir Ali
Christian Taylor
Mahmud Tukur
Ochonogor Alex
Walter Wagbatsoma
Adaoha Ugo-Ngadi
Fakuade Babafemi Ebenezer
Ezekiel Olaleye Ejidele
Abubakar Ali Peters
Jude Agube Abalaka, Abdulahi Alao
Oluwaseun Ogunbanbo.

Ezekiel Olaleye Ejidele is director of the accounting firm, Akintola Williams Deloitte while Fakuade Babafemi Ebenezer is a staff of the Petroleum Products Pricing and Regulating Agency, PPPRA.
 
Nasaman Oil Services; Mamman Nasir and Christian Taylor are to face charges bordering on obtaining N4, 460, 130, 797. 94 (Four Billion, Four Hundred and Sixty Million, One Hundred and Thirty Thousand, Seven Hundred and Ninety Seven Naira, Ninety Four Kobo) from the Federal Government of Nigeria under false pretence. The sum is alleged to have been fraudulently obtained as subsidy payments from the Petroleum Support Fund for the purported importation of 30.5million litres of Premium Motor Spirit from SEATAC Petroleum Limited of British Virgin Islands.

In the same vein, the anti-graft agency will equally prosecute Abdulahi Alao and Axenergy Limited for allegedly obtaining the sum of N2, 640, 141, 707.75 (Two Billion, Six Hundred and Forty Million; One Hundred and Forty One Thousand; Seven Hundred and Seven Naira, Seventy Five Kobo) being payments received from the Petroleum Support Fund for the purported importation of 33.3 million litres of Premium Motor Spirit.
 
Others include Mahmud Tukur,  Ochonogor Alex; Abdulahi Alao and Eternal Oil And Gas Plc who will be docked for fraudulently obtaining the sum of N1, 899, 238, 946. 02 (One Billion, Eight Hundred and Ninety Nine Million, Two Hundred and Thirty Eight Thousand, Nine Hundred and Forty Six Naira, Two Kobo) from the Petroleum support Fund for a purported importation of 80.3million litres of Premium Motor Spirit.

Also, Nadabo Energy Limited, Abubakar Ali Peters, Jude Agube Abalaka and Pacific Silver Line Limited are to be prosecuted for allegedly obtaining the sum of N1, 464, 961, 978.24 (One Billion, Four Hundred and Sixty Four Million, Nine Hundred and Sixty One Thousand, Nine Hundred and Seventy Eight Naira, Twenty- Four Kobo ), being payments fraudulently received from the Petroleum Support Fund for a purported importation of 19.4million litres of Premium Motor Spirit.

Walter Wagbatsoma; Adaoha Ugo -Ngadi; Fakuade Babafemi Ebenezer; Ezekiel   Olaleye Ejidele and Ontario Oil & Gas Nigeria Limited will be arraigned for fraudulently obtaining the sum of N1, 959, 377, 542, .63 (One Billion, Nine Hundred and Fifty Nine Million, Three Hundred and Seventy Seven Thousand, Five Hundred and Forty Two Naira, Sixty Three Kobo) from the Petroleum Support Fund for a purported importation of 39.2 litres of Premium Motor Spirit.

Lastly, Fago Petroleum and Gas Limited and Oluwaseun Ogunbanbo are to be docked for fraudulently obtaining the sum of N979,653,110.20 ( Nine Hundred and Seventy Nine Million, Six Hundred and Fifty Three Thousand, One Hundred and Ten Thousand Naira, Twenty Eight Kobo), from the Petroleum Support Fund for a purported importation of 33, 627, 84 litres of Premium Motor Spirit.
The 20 suspects are among the over 140 individuals and organisations involved in the on- going investigations into the subsidy payments by the EFCC. More suspects will be arraigned periodically as the investigation progresses.

This investigation is massive and extensive; and the Commission wishes to reassure Nigerians that every effort will be made to bring all those who defrauded the country in the guise of subsidy for imported fuel to book.


ajanni at 24-07-2012 11:00PM (7 years ago)
(95400 | Grande Master) (m)

So these are the tjieves? Hhe
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Solidstonez at 25-07-2012 09:53PM (7 years ago)
(37017 | Addicted Hero) (f)

 Shocked Shocked Shocked Shocked Shocked

Reply
Solidstonez at 25-07-2012 09:53PM (7 years ago)
(37017 | Addicted Hero) (f)

WOW

Reply
Solidstonez at 25-07-2012 09:54PM (7 years ago)
(37017 | Addicted Hero) (f)

GOD HELP US

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Vectorcy at 3-07-2016 01:15PM (3 years ago)
(8249 | Hero) (m)

To even imagine that these useless set of people refused to
increase our salary, they should be shot.
Their defence has always been that government is not
subsiding NAMA, not knowing that they were busy packing
all the money, especially that GM finance called Agbolade,
thunder and amadioha go strike him and his unborn
generation dead
The only person I pity is dat MD...I cnt believe someone
who's so dedicated to his 5 times prayers a day can be
stealing as EFCC said.
As for Adegorite and his randy wife, you can never run faster
than your shadow. Go and called your Uncle Gbenga Daniel
to set you free. You are the only one enjoying all the
travelling and goodies of NAMA. While your wife, who's
never NAMA staff the only person selling ticket for both
foreign and local travellings.
Madam Alichie is just a figure head. Agbolade who's just a
GM even have more say in the expenses of NAMA than a
suppose director of finance...you lots should enjoy ur watery
beans in prison
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