Monday, August 15, 2022

EFCC boss appears before Lagos court over N1.4bn oil subsidy fraud trial

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Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via [email protected], or, or @McRamalan on Twitter.
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The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has appeared before an Ikeja High Court to give evidence in an N1.4 billion fraud trial involving an oil company, Nadabo Energy.

EFCC Bawa appearing before Ikeja court
EFCC Bawa appearing before Ikeja court

The new EFCC chair had last year appeared before the court as a prosecution witness.

The EFCC had accused Abubakar Ali Peters and his company, Nadabo Energy of allegedly using forged documents to obtain N1,464,961,978.24 from the Federal Government as oil subsidy after allegedly inflating the quantity of premium motor spirit, PMS purportedly supplied to 14,000M.

The defendants had pleaded not guilty to the prosecution’s fraud charge.

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At the resumed hearing on Wednesday, the EFCC boss who was led in evidence by the prosecution counsel, Saidu Ateh, before Justice C. A. Align on Wednesday, analysed the email correspondences of the defendant.

According to a report by The Nation, the EFCC boss said the investigation revealed that the defendants, contrary to their claims took about 6 million litres PMS from the mother vessel to their chartered vessel.

He said the email further confirmed that the same quantity was discharged at Port-Harcourt.

Mr Bawa said: “In addition, the email also informed us that one Mr Jide Akpan was the agent of the vessel.

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“We invited the said Akpan and during the course of our interrogation with him he confirmed that the first defendant through the second defendant deferred the vessel and paid for it.”

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