24 July 2012, Sweetcrude, ABUJA – The Economic and Financial Crimes Commission, EFCC, said on Tuesday it 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.
A statement issued by the commission listed the companies involved to include Nasaman Oil Services, Eternal Oil and Gas Plc, Ontario Oil & Gas Plc, Nadabo Energy Limited. Others are Pacific Silver Line Limited, Axenergy Limited and Fago Petroleum and Gas Limited.
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, and Abubakar Ali Peters.
Others are Jude Agube Abalaka, Abdulahi Alao and Oluwaseun Ogunbanbo. Ezekiel Olaleye Ejidele is director of the accounting firm, Akintola Williams Delloite while Fakuade Babafemi Ebenezer is a staff of the Petroleum Products Pricing and Regulating Agency, PPPRA.
Nasaman Oil Services; Mamman Nasir and Christian Taylor are to face charges bordering on obtaining N4, 460, 130, 797. 94 from the Federal Government of Nigeria under false pretence.
The sum 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 the sum of N2, 640, 141, 707.75 (Two Billion, Six Hundred and Forty Million; One Hundred and Forty One Thousand; Seven Hundred and Seven Naira, Seventy Five Kobo) being payments received from the Petroleum Support Fund for the purported importation of 33.3 million litres of Premium Motor Spirit.
Others include Mahmud Tukur, Ochonogor Alex; Abdulahi Alao and Eternal Oil And Gas Plc who will be docked for fraudulently obtaining the sum of N1, 899, 238, 946. 02 from the Petroleum support Fund for a purported importation of 80.3million litres of Premium Motor Spirit.
Also, Nadabo Energy Limited, Abubakar Ali Peters, Jude Agube Abalaka and Pacific Silver Line Limited are to be prosecuted for allegedly obtaining the sum of N1, 464, 961, 978.24 being payments fraudulently received from the Petroleum Support Fund for a purported importation of 19.4million litres of Premium Motor Spirit.
Walter Wagbatsoma; Adaoha Ugo -Ngadi; Fakuade Babafemi Ebenezer; Ezekiel Olaleye Ejidele and Ontario Oil & Gas Nigeria Limited will be arraigned for fraudulently obtaining the sum of N1, 959, 377, 542, .63 from the Petroleum Support Fund for a purported importation of 39.2 litres of Premium Motor Spirit.
Lastly, Fago Petroleum and Gas Limited and Oluwaseun Ogunbanbo are to be docked for fraudulently obtaining the sum of N979,653,110.20, from the Petroleum Support Fund for a purported importation of 33, 627, 84 litres of Premium Motor Spirit.
The 20 suspects are among the over 140 individuals and organisations involved in the on-going investigations into the subsidy payments by the EFCC. More suspects will be arraigned periodically as the investigation progresses.
This investigation is massive and extensive; and the commission wishes to reassure Nigerians that every effort will be made to bring all those who defrauded the country in the guise of subsidy for imported fuel to book.