EFCC to arraign 20 suspects over fuel subsidy fraud

The Economic
and Financial
Crimes
Commission,
EFCC, Tuesday,
said it would
commence
prosecution of 18
suspects
implicated in the
oil subsidy fraud.
The commission
said the
suspects which
comprises six oil
companies and
11 individuals, will
be docked in
Lagos courts.
In a statement
signed by it
spokesman
Wilson Uwujaren,
the EFCC said the
suspects were
among 140
individuals and
organisations
involved in the
ongoing
investigations
into the subsidy
payments by the
EFCC. More
suspects will be
arraigned
periodically as the
investigation
progresses.”
The companies
to be prosecuted
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 and
Oluwaseun
Ogunbanbo.
Ezekiel Olaleye
Ejidele is director
of the accounting
firm, Akintola
Williams Deliote
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