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Home 5 SCAMS IN NIGERIA (page 3)


REVEALED: Nigeria’s biggest oil fraudsters; the worst subsidy scam ever

Nigeria has never seen anything like it. This story explains how unscrupulous marketers fleeced the nation of N382 billion without supplying a drop of petrol The scale is huge; the method daring and unprecedented. The plot seems like one in a James Bond movie as unscrupulous Nigerian businessmen scripted an unbelievable heist. It was a grand deceit, never seen in ... Read More »

EFCC Names First 20 Suspects Over $6.8 Billion Fuel Scam

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 ... Read More »

I can get subsidy thieves in one week – Nuhu Ribadu

The pioneer Chairman of the Economic and Financial Crimes Commission, Mr. Nuhu Ribadu, on Tuesday said he would have unravelled those behind the multibillion naira fuel subsidy scam in the country if he was still in charge of the anti-graft agency. The former EFCC boss, who currently chairs the Special Petroleum Revenue Task Force constituted by the Federal Government, stressed ... Read More »

Trial of subsidy thieves to start next week –AGF

The trial of subsidy thieves will begin next week, the Attorney-General of the Federation and Minister of Justice, Mr. Muhammed Adoke, said on Monday. Adoke, while briefing State House correspondents at the Presidential Villa, Abuja, said the Economic and Financial Crimes Commission would be prosecuting those found culpable in the report of the House of Representatives Committee on subsidy regime. ... Read More »

I’m ready for police on $620,000 bribe – Jagaba

Chairman of the House of Representatives Committee on Drugs/Narcotics and Financial Crimes, Mr. Adams Jagaba, said on Monday that he was prepared to tell the police all he knew about the $620,000 bribery allegation involving Mr. Farouk Lawan and businessman, Mr. Femi Otedola. “I see myself and the police as co-partners in the fight against corruption,” the lawmaker told The ... Read More »