Oil & Gas Big Boy, Walter Wagbatsoma Arrested For £12M Fraud In The UK

Date: 03-07-2016 9:10 am (5 years ago) | Author: Daniel Bosai
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- at 3-07-2016 09:10 AM (5 years ago)
Online (m)
Managing Director of Ontario Oil and Gas Limited, Walter Wagbatsoma, has been extradited to the United Kingdom where he is facing money laundering charges.



According to a UK-based newspaper, Lincolnshire Echo, Wagbatsoma who was extradited from Germany, was accused of money laundering in a multi-million pound fraud. He appeared before Lincoln Magistrates’ Court on Friday.

The oil magnate was detained last month in Germany after Lincolnshire Police issued a European Arrest Warrant.

The 46-year-old was extradited to the UK on Thursday, when he was charged with conspiracy to money laundering.

Back home in Nigeria, Wagbatsoma along with others is facing a nine-count charge bordering on fraud involving N1.9bn oil subsidy scam.
The Economic Crime Unit of Lincolnshire Police said it had been conducting a major investigation with the National Health Service involving offences of fraud and money laundering in excess of £12m.

According to statement obtained by Punch on the official website of the Lincolnshire security agency, the investigation against Wagbatsoma commenced in September 2011 following a report of fraud involving Lincolnshire Partnership NHS Foundation Trust.

“Since such time the investigation has linked 20 other offences where the victims include other NHS Trusts, the States of Guernsey Government and other public bodies. In September 2015, as a result of this investigation, 15 suspects were charged with offences of conspiracy to defraud, money laundering and conspiracy to money launder and all have since been indicted to stand trial.
“On Monday, June 6, 2016, a further suspect was detained in Germany following the issue of a European Arrest Warrant by Lincolnshire Police,” the statement said.
Meanwhile, Wagbatsoma has been remanded in custody and is expected to appear before Lincoln Crown Court in August.


Posted: at 3-07-2016 09:10 AM (5 years ago) | Hero
- Kennycynth at 3-07-2016 09:26 AM (5 years ago)
(f)
na buhari hand work
Posted: at 3-07-2016 09:26 AM (5 years ago) | Gistmaniac
Reply
- Airbender at 3-07-2016 09:55 AM (5 years ago)
(m)
Na big boy u be

Posted: at 3-07-2016 09:55 AM (5 years ago) | Gistmaniac
Reply
- angesco at 3-07-2016 09:58 AM (5 years ago)
(f)
Wow. This clamour for wealth is really and truly putting Nigeria under the spotlight.

Our dear Nigeria being described as FANTASTICALLY CORRUPT by the Prime minister of GB has really spurred on our FGN to deal with the issue once and for all.
Posted: at 3-07-2016 09:58 AM (5 years ago) | Gistmaniac
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- GermoDon at 3-07-2016 10:13 AM (5 years ago)
(m)
Everybody na fraudster in naija
Posted: at 3-07-2016 10:13 AM (5 years ago) | Gistmaniac
Reply
- gogoman at 3-07-2016 10:31 AM (5 years ago)
Online (m)
Quote from: Obi Donald on  3-07-2016 10:13 AM
Everybody na fraudster in naija

broda you just dey know  Grin
Posted: at 3-07-2016 10:31 AM (5 years ago) | Addicted Hero
Reply
- Vectorcy at 3-07-2016 10:46 AM (5 years ago)
(m)
Quote from: Cyntygal on  3-07-2016 09:26 AM
na buhari hand work
lol,,aw it tk b buhari handwork
Posted: at 3-07-2016 10:46 AM (5 years ago) | Hero
Reply
- slimmygal at 3-07-2016 10:51 AM (5 years ago)
(f)
see as thieves full everywhere.
Posted: at 3-07-2016 10:51 AM (5 years ago) | Gistmaniac
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- Novic at 3-07-2016 11:12 AM (5 years ago)
(m)
Hmmmmmm..._una never see anything, na small small buhari go catch all of una.
Posted: at 3-07-2016 11:12 AM (5 years ago) | Hero
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- chanst at 3-07-2016 11:15 AM (5 years ago)
(m)
na so so arrest...
no improvement in our economy...
Posted: at 3-07-2016 11:15 AM (5 years ago) | Upcoming
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- kison at 3-07-2016 11:21 AM (5 years ago)
(m)
NEXT TIME BE careful, be very very careful, CAREFULLLLLLLLLLLLLLLL……………………………….
Posted: at 3-07-2016 11:21 AM (5 years ago) | Hero
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- EDDYPRINCE at 3-07-2016 12:17 PM (5 years ago)
(m)
Everybody for Naija now na thief. Na wa oh
Posted: at 3-07-2016 12:17 PM (5 years ago) | Addicted Hero
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- morgan1 at 3-07-2016 01:04 PM (5 years ago)
(m)
All man na Tif,,,,
Posted: at 3-07-2016 01:04 PM (5 years ago) | Hero
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- BournIdentity at 3-07-2016 01:22 PM (5 years ago)
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Na konfirm,,,,, arrest all dose looters
Posted: at 3-07-2016 01:22 PM (5 years ago) | Addicted Hero
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- BournIdentity at 3-07-2016 01:23 PM (5 years ago)
(m)
Just negodu this rubbish,,, catch more jail dem
Posted: at 3-07-2016 01:23 PM (5 years ago) | Addicted Hero
Reply
- scottchris at 3-07-2016 03:26 PM (5 years ago)
(m)
Oga com home nd learn some manners

Posted: at 3-07-2016 03:26 PM (5 years ago) | Gistmaniac
Reply
- Toks-E at 3-07-2016 03:48 PM (5 years ago)
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OK boy, things don dey red for people

Posted: at 3-07-2016 03:48 PM (5 years ago) | Addicted Hero
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- osarobo62 at 3-07-2016 05:39 PM (5 years ago)
(m)
 Grin Grin Grin  99.994% of Nigerians are fantastically corruptically guilty.  the other .006% are still in their mother's womb
Posted: at 3-07-2016 05:39 PM (5 years ago) | Hero
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- Mykie010 at 3-07-2016 06:08 PM (5 years ago)
(m)
Old boy we dey corrupt oh
Posted: at 3-07-2016 06:08 PM (5 years ago) | Gistmaniac
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- scottchris at 3-07-2016 06:42 PM (5 years ago)
(m)
LADIES AND GENTLEMEN..... AM A NIGERIAN AND AM NOT CORRUPT.... TEST AND SEE

Posted: at 3-07-2016 06:42 PM (5 years ago) | Gistmaniac
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