Oil marketer denies subsidy theft allegations

30 November 2015, Lagos  An oil marketer, Adaoha Ugo-Ndagi, has told a Lagos High Court sitting in Ikeja that the N1.9 billion subsidy fraud charge preferred against her and three others were false.

Symbol of justiceUgo-Ndagi, Managing Director of Ontario Oil and Gas Limited, who was testifying before Justice Lateefa Okunnu, maintained that the allegations were an attempt to settle old scores between Ontario and two other key players in the industry.

She urged the court to discharge and acquit herself, Ontario and Mr Walter Wagbatsoma, Executive Director of the firm, of the nine-count charge of conspiracy, obtaining property by false pretences, forgery and uttering.

Led in evidence by the defence counsel, Mr Edoka Onyeke, Ugo-Ndagi, said she had never met the third defendant, Mr Fakuade Babafemi, a staff of the Petroleum Products Pricing Regulatory Authority (PPPRA), until they were arraigned in court.


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