The Economic and Financial Crimes Commission (EFCC) has concluded arrangements to prosecute the first batch 20 suspects indicted in the oil subsidy fraud.
The 20 suspects are among the over 140 individuals and organizations involved in the ongoing investigations into the subsidy payments by the EFCC. More suspects will be arraigned periodically as the investigation progresses.
A statement from the EFCC said the suspects, comprising seven oil companies and 12 individuals, will be docked in Lagos courts. The companies involved, according to the statement, 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.
It said 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) and Ochonogor Alex is a senior lawyer.
The statement also said Nasaman Oil Services; Mamman Nasir and Christian Taylor are to face charges bordering on obtaining N4.4 billion from the Federal Government under false pretence, saying the money 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 N2.6 billion being payments received from the Petroleum Support Fund for the purported importation of 33.3 million litres of Premium Motor Spirit, according to the statement.
It said Mahmud Tukur, Ochonogor Alex; Abdulahi Alao and Eternal Oil And Gas Plc will be docked for “fraudulently obtaining N1.8 billion” from the Petroleum support Fund for a purported importation of 80.3million litres of Premium Motor Spirit.
Nadabo Energy Limited, Abubakar Ali Peters, Jude Agube Abalaka and Pacific Silver Line Limited are to be prosecuted for allegedly obtaining N1.4 billion being payments “fraudulently received from the Petroleum Support Fund for a purported importation of 19.4million litres of Premium Motor Spirit”, it also said.
Walter Wagbatsoma; Adaoha Ugo -Ngadi; Fakuade Babafemi Ebenezer; Ezekiel Olaleye Ejidele and Ontario Oil & Gas Nigeria Limited will be arraigned for “fraudulently obtaining N1.9 billion” from the Petroleum Support Fund for a purported importation of 39.2 litres of Premium Motor Spirit, according to the statement.
“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”, it said.