EFCC uncovers N70b fuel subsidy fraud cases

By AdvocateNews on 11/03/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 685

EFCC Chairman, Abdulrasheed Bawa
EFCC Chairman, Abdulrasheed Bawa

Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the commission had identified about N70 billion fraud perpetrated through Federal Government’s fuel subsidy programme.

He said only about N20 billion of the money had been recovered by the agency.

Bawa said this yesterday while addressing reporters at the Ikeja High Court in Lagos after testifying in an alleged N1.4 billion fuel subsidy trial involving an oil firm, Nadabo Energy.

The EFCC chairman expressed worry at the slow pace of some fuel subsidy trials.

He promised that the commission would continue to rigorously pursue all its cases in court.

Bawa added that the EFCC was working to arrest an alleged fuel subsidy suspect, Seun Ogunbambo, who was arraigned in 2012 but jumped bail and fled the country.

Also, Bawa appeared  yesterday before an Ikeja High Court to testify as a prosecution witness in a N1.4 billion oil subsidy fraud case.

The News Agency of Nigeria (NAN) reports that 40-year-old Bawa was in court to testify in a case involving Nadabo Energy and its Chairman, Abubakar Peters.

The case is one of alleged fraud cases that Bawa investigated when he was an operative of the EFCC.

The anti-graft agency is prosecuting the defendants for allegedly obtaining N1.4 billion from the Federal Government as oil subsidy, using forged documents.

The defendants are also accused of inflating the quantity of Premium Motor Spirit (PMS) purportedly supplied to the Federal Government to 14,000 metric tonnes.

Led in evidence by Lead EFCC counsel, Mr. Seidu Atteh, Bawa told the court how he investigated the case.

The EFCC boss said he analysed some electronic mail correspondences and found out, contrary to their claims, that the defendants took only approximately six million litres of PMS on board the mother vessel, MT Evriduk, into their own chartered vessel, MT St. Vanessa.

“E-mails further confirmed that the same quantity of PMS (six million litres) was discharged in Port Harcourt. The email also informed us that Mr. Jideofor Akpan was the agent of the vessel (MT St. Vanessa).

Bawa said the EFCC also wrote a letter of investigations of activities to the Corporate Affairs Commission (CAC) to confirm the registration status of Nadabo Energy.

He said the CAC forwarded the Certified True Copies (CTCs) of all the documents requested.

During Bawa’s testimony, the EFCC sought to tender the CTCs of the documents it received from Petrocam and the CAC.

But defence counsel, Mr. E. O. Isirameh, objected to it.

Justice Christopher Balogun adjourned the matter till April 28 for ruling and continuation of hearing.

Posted 11/03/2021 06:49:01 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Insecurity: Ugwuanyi orders demolition of caves in Awgu...

Credible 2019 polls: Flush out Yakubu, Zakari from...

What I discussed with National Peace Committee

End SARS: Why we are not against peaceful...

Enugu govt promises care for brutalized 10-year-old girl,...

EndSARS: Expect bigger version of protest soon –...

COVID-19: FG suspends airline for flying Naira Marley...

Kano quarantines 2000 Almajirai to curb COVID-19 spread...

Kanu orders dry fasting as October 21 trial...

Coronavirus: FEC cuts 2020 budget by N1.5Tn

PDP has looted Nigeria’s destiny – Fashola

28 persons identified, quarantined after contact with Coronavirus...

 

Latest News Umahi confirms killing of five abducted construction workers in Ebonyi Omicron Variant: FG asks UK to rescind ban on Nigerians Governor Ugwuanyi Rising To the Occasion in Protecting Enugu State Residents as Yuletide Approaches Three Dowen College Students in Police custody over Sylvester Oromoni ‘s death Police arrest 5 rape suspects, woman with 90 rounds of ammunition in Borno Nnamdi Kanu hungry, starving in DSS custody — Lawyer Northern Groups endorse Anyim as South East Candidate for 2023 Presidency NDLEA raids major Mkpurumiri Lab in Delta, arrests 4 Mexicans 17 feared dead as truck runs into Schoolchildren in Lagos Ortom orders investigation into alleged sexual abuse of FSTC Otukpo female students Gov. Ugwuanyi presents N186.6 billion 2022 budget estimates Four killed as security operatives engage robbers in gun battle

 

Most Read Ugwuanyi commends FG’s siting of ICT University in Enugu (228,434 views) Sickle cell support group seeks government intervention (228,434 views) Ebonyi bans embalming of corpses in homes (228,434 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (228,434 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (228,433 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (228,431 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (228,431 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (228,426 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (221,839 views) ASUU strike: Senate intervention ends in deadlock (221,576 views) All you need to know about Peter Obi, PDP VP Candidate (172,210 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (170,512 views)

 

 

SECTIONS EDITORIAL (19) NEWS (7,419) FAITH (158) POLITICS (496) SOCIETY (132) SPORTS (58) BUSINESS (370) HEALTH (59) EDUCATION (50) ENTERTAINMENT (55) INTERNATIONAL (183) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (42)

 

 


There are no video entries posted yet.