A Lagos High Court, presided over by Justice Adeniyi Onigbanjo, has ordered the freezing of the asset of the company of Mamman Ali, Nasaman Oil Services, which was found culpable in fuel subsidy fraud.
Ali is the son of a former National Chairman of the Peoples Democratic Party, Ahmadu Ali.
The company was accused of involvement in a N4.5 billion fuel subsidy fraud.
So also has the court ordered that Ali’s co-accused, Seun Ogunbambo, should forfeit his properties to the government.
Ogunbambo owns Fargo Petroleum Services and Adeline Investment Limited.
The Economic and Financial Crimes Commission urged the court to keep the assets frozen pending the determination of the charges against Ogunbambo.
Justice Onigbanjo aligned with the position of the EFCC.
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