EFCC Names First 20 Suspects Over $6.8 Billion Fuel Scam

Published:24 Jul, 2012

The Economic and Financial Crimes Commission, EFCC, has concluded arrangements to prosecute the first batch 18 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 and 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.

By Wilson Uwujaren-EFCC Media & Publicity Unit

  • Ajayi Oluseye

    ” national cake, oh cry for Naija”

Related Posts

Recent Posts

‘President’ Ambode: Lagos to link inner roads to Smart city project

Lagos State Governor Akinwunmi Ambode on Friday said plans are afoot to link inner roads in the State to the Lagos Smart City Project, just as he expressed readiness to commence deployment of Close Circuit Television (CCTV) Cameras in October across the State. Governor Ambode, who disclosed this in Coker Aguda area of the State at the commissioning of some of the 114 roads, newly constructed in the 20 Local Government Areas (LGs) and 37 Local Council Development Areas (LCDAs),...

Shade Of Life: Ebonyi People are myopic, they don’t behave like Igbos – IPOB

The Indigenous People of Bifara, IPOB, has lampooned the people of Ebonyi State for spurning the sit-at-home order it passed. The group had in a circular issued few days ago, asked Ndigbo nationwide to spend the day indoor in protest against the continuous detention of the leader of Radio Biafra, Nnamdi Kanu. The directive, however, witnessed non-compliance as normal activities and vehicular movements were unperturbed across Ebonyi State. The Coordinator of IPOB, Mr. Ugochukwu Nweke while reacting to the development, described the...

Buhari approves 56th independence anniversary programme

President Muhammadu Buhari has approved the programme of events for the commemoration of Nigeria’s 56th independence anniversary. Bolaji Adebiyi, Director of Press in the Office of the Secretary to the Government of the Federation, (SGF), said this in a statement on Friday in Abuja. Mr. Adebiyi said an interdenominational thanksgiving church service had been scheduled for September 25 at the National Worship Centre, Abuja at 4p.m. A public lecture and Jumma’at prayers are slated for September 30 at 11 a.m. and 1...

PDP may declare Dariye’s seat vacant – Dachom

Former Organising Secretary of the Peoples Democratic Party in Plateau state, Mr. Mike Dachom, has said that the party might declare the seat of a former governor of the state, Mr. Joshua Dariye, vacant following his defection to the ruling All Progressives Congress. Dariye was governor of Plateau State under PDP from 1999 to 2007. Dariye, before his defection, represents Plateau central senatorial zone in the Senate under the PDP. He first got to the Senate under the Labour Party in...

Nigeria loses N800bn to auto policy

The President, Shippers Association, Lagos State, Mr Jonathan Nicol, said the Federal Government had lost about N800 billion to the auto policy on imported vehicles. The 70 per cent tariff and levy on imported vehicles which took effect in 2015, had reduced vehicle imports by more than 50 per cent. Nicol on Friday said that other ports outside Nigeria in Benin, Togo and Ghana now accepted the vehicles and developing their economies with proceeds from the imports. According to him, with the...

MTN denies paying bribe to reduce NCC fine

South Africa’s MTN denied it paid a bribe to Nigerian officials to reduce its fine to 330 billion naira ($1.05bn) as part of settling a dispute over disconnecting unregistered SIM cards in the West African country.   MTN said in a statement on Friday there had been allegations that a top official in the Nigerian presidency took a payment towards reducing the fine.   The telecom group was initially fined $5.2bn last October for failing to deactivate more than five million unregistered SIM...

Your anti-corruption policy scaring investors – Sen. Bruce tells Buhari

Senator Ben Bruce (PDP Bayelsa East) on Thursday called on President Muhammadu Buhari to adjust his approach to the anti-corruption crusade, saying the policy was scaring investors. Bruce, who disclosed this while contributing to the Senate’s debate on the economic recession in the country, said Nigeria should not expect foreign investments as even local investors had stopped investing. He said that people who had money to invest were no longer doing so because the anti-graft agencies were harassing any person with...

EPL: Mourinho feels heat as Wenger marks anniversary

Jose Mourinho has vowed to silence the critics when Manchester United face champions Leicester, while his old rival Arsene Wenger hopes to celebrate a memorable milestone with a rare success against Chelsea on Saturday. Mourinho finds himself under fire less than two months into his United reign after three successive defeats and an unconvincing League Cup win at third tier Northampton. United are already trailing six points behind Premier League leaders Manchester City and another setback at Old Trafford this weekend...

Reps begin investigation into Jibrin’s budget padding allegations.

The House of Representatives Committee on Ethics and Privileges on Friday in Abuja, commenced public investigation into allegations of fraud made by Rep. Abdulmumin Jibrin against the House. This followed Wednesday’s resolution of the House which mandated the committee to investigate the allegations, bordering on breach of privileges of members. It would be recalled that the former Chairman, House Committee on Appropriation, accused the leadership of the National Assembly of padding the 2016 budget. In his allegation, Jibrin alluded that the corruption...

Khama should ‘go hang’ for telling Mugabe to step down – Minister

Ian Khama’s call for President Robert Mugabe to step down hasn’t gone down too well with the Zimbabwe government: the Botswana president should just “go hang” Mugabe’s former spin-doctor says. Or he should concentrate on Botswana’s desert, Jonathan Moyo says witheringly in an article for a private weekly in Zimbabwe. Khama’s call on his ageing neighbour to step down after 36 years in power was greeted thankfully by many Zimbabweans on social media, where the current wave of protests against the...

Bayelsa first lady, Rachael Dickson gives birth to quadruplet

Governor Henry Seriake Dickson and family may have to continue in celebration as after many years of childlessness, his wife and First Lady of Bayelsa State, Dr. Rachael Dickson delivered of a quadruplet – a bouncing baby boy and three baby girls.   We gathered that the mother and children are doing very well.   Saint Mienpamo, Special Assistant on Research & Social Media to the Governor says the ”Governor’s joy knows no bound.”   The latest news has been tagged a double celebration as...

Electrician jailed 3 months for stealing N11,000 phone

A Jos Chief Magistrates’ Court on Friday sentenced a 22-year-old electrician, Abdulgafar Musa to three months in prison for stealing a Nokia phone valued N11,000. Musa, of No. 66, Shehu Street, Jos, was charged with theft. The Magistrate, Mr Jovita Binjin, sentenced the convict after he pleaded guilty to the crime and begged for leniency. In his plea, the convict said “It was the devil’s hand work; jobs are not coming and I needed money to eat and also give help to...

Recession: Those demanding asset sale are economic predators – Sani

A Nigerian senator, Shehu Sani, has described proponents of sale of the country’s national asset as “economic predators and profiteers who want to take advantage of the situation in the country.” Mr. Sani, who is the Chairman, Senate Committee on Foreign and Local Debts, said in a statement on Friday that “Nigeria’s capitalist forces raped Nigeria to recession and now they want to kill and bury it.” Nigeria is currently going through one of the worst recessions in its history, due...

Stop expecting too much from Buhari, pray for him – APGA chieftain

A Chieftain of the All Progressive Grand Alliance, APGA, in Katsina State, Alhaji Umar Tata, on Friday urged Nigerians to support President Muhammadu Buhari with prayers to lead Nigeria out of its present predicaments. Tata, the party’s governorship candidate in 2015, made the appeal in an interview with the News Agency of Nigeria, NAN, in Funtua, Katsina state. He cautioned Nigerians against over reliance on the President, saying that “he is human and capable of making mistakes.” According to him, what is...

NEMA returns 5,403 citizens to their homes from IDPs camps

The National Emergency Management Agency (NEMA) has confirmed the return of 5403 Internally Displaced People (IDPs) to the home after their stay in Camps. The returnees include 1517 in Mafa , 750 in konduga, 1200 in Ngamboru and about 1,936 are due to return to Dikwa This is coming at a period Governor of Borno State Alh kashim shettima and a team of NEMA North East zonal staff led by Zonal coordinator Alh Muhammed Kanar spent the night in Bama in...

Police Uncover Fraudsters’ Den In Ogun

The Ogun State Police Command has uncovered a “fraudsters’ den” at Pokuku Village in the Abeokuta North Local Government Area of the state. The den, which was nicknamed “Pokuku Shrine” was until Wednesday allegedly used by suspected fraudsters to carry out different forms of criminal activities such as fraud, according to the police. The state Commissioner of Police, Ahmed Ilyasu, on Wednesday said the police raided the shrine after an intelligence report on criminal activities being perpetrated there. The shrine,...

Bayelsa State Gov Dickson’s Wife Gives Birth to Quadruplets

Wife of Bayelsa State governor and first lady of the state, Rachael Dickson, has put to bed quadruplets (four babies) today. The team of four babies includes four females and one boy. Daniel Iworiso-Markson, chief Press secretary to governor Seriake Dickson said in a statement released moments ago: "This is particularly good news for the family and Bayelsans because this bundle of joy is coming after many years of praying and waiting upon the Lord. "Governor Dickson thanks friends, family members and Bayelsans...

Patience Jonathan: EFCC places witnesses against under security watch

As the trial of former aides of ex-First Lady, Patience Jonathan, begins on Tuesday, the Economic and Financial Crimes Commission (EFCC) has placed its 13 witnesses in the case under security watch. The witnesses, including a banker and the Corporate Affairs Commission (CAC) are expected to tell the court how four slush accounts were opened for the former First Lady. It was gathered that the accounts were opened by the ex-First Lady’s former Senior Special Assistant (Domestic/Household and Social Events to...

Gov. Dickson hails judiciary as APC, Sylva lose at Appeal Court

The Bayelsa State Governor, Henry Seriake Dickson, has commended the judiciary for its steadfastness in protecting the sanctity of the ballot and upholding itself as the bastion of the nation’s democracy. Dickson’s comment came on Thursday afternoon following the judgement of the Court of Appeal, which upheld the earlier judgement of the Bayelsa State Governorship Election Petition Tribunal, in his favour. Both the Tribunal and the Court of Appeal upheld the election of Dickson, the candidate of the Peoples Democratic Party...

Markets open as traders boycott IPOB’s sit-at-home order

The sit-at-home order by pro-Biafra groups, especially the Indigenous People of Biafra (IPOB) and the Movement for the Actualization of Sovereign State of Biafra (MASSOB) was boycotted in Imo State Friday. Markets, schools, government offices, as well as other public places were opened for business against the directive of the separatists groups, which ordered complete closure of all markets and business places across the Southeast to pray for the release of the detained IPOB leader, Nnamdi Kalu. In Owerri, the Imo...

Watch This Guy Destroy An iPhone 7 In Order To Test Its Durability

Recently, YouTuber JerryRigEverything got his hands on the new jet black iPhone 7 after reading a peculiar warning on Apple's website. According to the video, while the company assured buyers that the phone's surface is just "as hard as other anodized Apple products," it also said that due to the color's high shine, it "may show fine micro-abrasions with use." https://www.youtube.com/watch?v=8Hya-sd4sWY Read More: cosmopolitan