Joined in the case is Lawan’s Secretary, Boniface Emenalo.
Both men are facing a seven-count criminal charge bordering on obtaining @620,000 Otedola in order to doctor the committee’s report in favour of Zenon Oil and Gas Limited, owned by the oil magnate
Browsing: Fuel subsidy scam
The warrant for the arrest was issued by Justice Lateefat Okunnu against the two marketers, who are standing trial over alleged N1.1 billion fuel subsidy fraud
Yerima said by isolating Lawan for prosecution and tacitly dumping the House of Reps fuel subsidy probe resolution, the Presidency appeared desperate to tilt both the subsidy scam and bribery scandal in favour of Otedola, described by the statement as the Presidency’s protégé
Counsel to EFCC, Francis Usani had told the court that Ogunbambo’s travelling document had been confiscated by the EFCC in the past but that the defendant was still able to travel abroad after procuring another travelling document and using a different name.
In refusing Ogunbambo bail, Justice Akinlade upheld the argument of the prosecution that the accused person could jump bail based on his fraudulent antecedents and dual citizenship
The court, presided over by Justice A. Abdu-Kafarati, ordered the forfeiture of the properties based on a suit filed by Access Bank and Coscharis Industries, owned by Chief Cosmas Maduka
The accused person allegedly fraudulently converted N272, 5000,000 obtained from Water Gate Petroleum and Gas Limited for the supply five million litres of PMS to defray his liabilities with Sterling Bank without supplying the product for which he was paid
Specifically, Jubril was alleged to have obtained N963,796,199.85 from the Federal Government of Nigeria under false pretences, claiming that the sum represented subsidy accruing to Brila Energy Limited under the Petroleum Support Fund for the importation of 13,155,807 MT or 17,393,767 litres of Premium Motor Spirit, which Brila Energy Limited purported to have purchased from NAPA Petroleum Trade INC, Panama and imported into Nigeria through M/T Overseas Limar (Mother Vessel), M/T Delphina (1st Daughter Vessel) and M/T Dani I ( 2nd Daughter Vessel)
Five of the suspects implicated in a N5.4 billion fuel subsidy scam are to be arraigned on Monday before Justice Lateefa Okunnu of the Lagos High Court, Ikeja on a 13 count charge bordering on intent to defraud, stealing, forgery and altering
The Eagle Online learnt that Mduka was summoned on Sunday afternoon as he was about leaving his Abuja home for the 70th birthday celebration of a former Governor of Anambra State, Dame Virginia Etiaba
Those to be arraigned are Helyn Aninye, Chizobam Ben-Okafor and Pon-Specialized Services Limited
Ubah and other senior officers of the company – the Head of Trading, Nsikan Usoro; the Depot Manager, Godfrey Okorie; the General Manager, Operations, Chibuzo Ogbuokiri; and the Executive Director, Operations, Orji Joseph Anayo – are being held for alleged diversion of fuel subsidy payment by the Federal Government
They are alleged to have conspired to obtain the money by false pretence contrary to Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006