Alleged N978.4m Oil Fraud: Court Remands Nadabo Energy Boss In Prison

 

The Lagos State High Court sitting at the Tafawa Balewa Square, Onikan, Lagos, has ordered the remand of the Chairman, Nadabo Energy Limited, Abubakar Ali Peters, in prison for allegedly plotting to evade trial and abscond from the country.

According to a statement by the Head, Media & Publicity of the Economic and Financial Crimes Commission (EFCC), Wilson Uwujaren, Justice Christopher Balogun gave the order on Wednesday.

Peters is being tried on 27 charges bordering on obtaining by false pretence, forgery and use of forged documents to the tune of N978, 401, 732, 09 brought against him by the EFCC.

The defendant allegedly defrauded the Federal Government of the said sum of money by supplying 6, 505,140. 04 litres of Petroleum Motor Spirit, PMS, instead of 19,488, 992 litres, being the quantity he was contracted to supply.

He also allegedly forged the documents that were used to procure the product in order to conceal the exact amount he paid for it and receive in excess money for the product supplied.

At the resumed sitting today, the defence counsel, Emefo Etudo, sought to withdraw from the case on the grounds that his client was planning to jeopardize the case and abscond from the country.

Etudo, in a sworn affidavit, also told the court he urged his client to pay back the money upon realizing that he had defrauded the Federal Government.
“My Lord, he agreed to pay the money and subsequently made some payments.

“He, however, stopped at some point.

“He also informed me of his plans to abscond from the country without paying back in full the money he obtained under false pretence,” Etudo stated.

The defence counsel, in his further submission, told the court that his client was planning to frustrate a similar case after receiving money from parties involved.

“My Lord, my client forged his signature on the Corporate Affairs Commission, CAC, documents and gave damaging false information about me and other lawyers involved in the case.

“He is involved in three oil subsidy cases, although the EFCC is only aware of two of them.

“The total money belonging to the Federal Government of Nigeria, which was siphoned abroad, is about N2billion,” he further told the court.

The defence counsel, therefore, urged the court to permit him to withdraw from the case, saying “the defendant is a threat to national security and will abscond if he continues on the bail he was granted by the court.”

The prosecution counsel, Seidu Atteh, did not oppose the request of the defence counsel.

Justice Balogun granted the defence counsel leave to withdraw from the case based on the serious allegations levelled against his client.

The Judge also vacated all the undertakings made on behalf of the defendant by the counsel’s law firm since he could no longer assure the court that he is in a position to produce the defendant at his trial.

Consequently, Justice Balogun remanded the defendant in prison custody and adjourned the case to October 15, 2019, for continuation of hearing.

EFCC declares fleeing oil marketers wanted

The Economic and Financial Crimes Commission (EFCC) on Friday declared three oil marketers implicated in the fuel subsidy scam wanted.

This was disclosed in a press statement signed by the acting head of media and publicity of the commission, Wilson Uwajuren.

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Lamorde

 The trio of Abdul Afeez Olarenwaju Olabisi of Fargo Petroleum and Gas Limited, Abubakar Peters Ali Jeldi, managing director of Nadabo Energy Limited and Ikechukwu Onuabuchi Nworgu of Star Inspection Services Nigeria Limited were declared wanted by the Commission for offences various offences including Criminal Conspiracy, Forgery, Obtaining Money by False Pretences and Money Laundering running into several billions of naira.

The statement described the trio as “Olabisi, 31, hails from Kwara State and speaks Yoruba, Hausa and English languages fluently. His last known address is Fargo Petroleum and Gas Limited”.

“Jeldi, 34, is of the Igala stock from Kogi state, North Central Nigeria. He speaks his native Igala, Hausa and English languages fluently.  His last known address are 4B Louis Solomon Close, Victoria Island, Lagos and 15 Ogbunike Street , Lekki, Lagos”.

“Nworgu, 46, hails from Abia State . He speaks Igbo and English fluently. His last known address is Star Inspection Services Nigeria Limited, 4A, Lander Close, Off Liverpool Road, Apapa – Lagos .

The statement further said “The trio allegedly obtained billions of naira as subsidy payments from the Petroleum Support Fund under false pretence, and disappeared in the wake of the Commission’s investigation of the subsidy regime”.

“The Commission enjoins anyone having information as to their whereabouts to contact its Enugu, Kano, Lagos, Gombe, Port Harcourt and Abuja  offices or through these numbers: 09-4604620,  070-26350721,070-26350722,070-26350723,070-6350724, 070-26350725; or by e-mail to: [email protected] or the nearest Police Station”.