EFCC releases a list of the 1st batch of alleged fuel subsidy fraudsters to be prosecuted

EFCC has released the list of the  first batch of fuel subsidy suspects to be prosecuted in court.

There are seven companies and 12 individuals…and they are:

The companies: Nasaman Oil Services, Eternal Oil and Gas Plc, Ontario Oil & Gas Plc, Nadabo Energy Limited, Pacific Silver Line Limited, Axenergy Limited, and Fago Petroleum and Gas Limited.

The individuals: Mamman Nasir Ali, Christian Taylor, Mahmud Tukur, Ochonogor Alex, Walter Wagbatsoma, Adaoha Ugo-Ngadi, Fakuade Babafemi Ebenezer, Ezekiel Olaleye Ejidele, Abubakar Ali Peters, Jude Agube Abalaka, Abdulahi Alao and Oluwaseun Ogunbanbo.

Ezekiel Olaleye Ejidele is director of renowned 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 30.5m litres of Premium Motor Spirit from SEATAC Petroleum Limited of British Virgin Islands.

In the same vein, the anti-corruption agency will equally prosecute Abdulahi Alao and Axenergy Limited for allegedly obtaining the sum of N2,640,141,707.75, being payments received from the Petroleum Support Fund for the purported importation of 33.3million 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 39.2million 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.

According to EFCC, the suspects are among a larger list of more than 140 individuals and organisations involved in ongoing investigations into the subsidy payments, and so more suspects will be arraigned periodically as the investigation progresses.

The Commission described the investigation as massive and extensive, and reassured Nigerians that it would do all within its powers to apprehend and punish all the people defrauded the country under the guise of subsidy for imported fuel.

Before now, there had been widespread belief that those involved could evade justice, as a number of high-profile national figures are thought to have spearheaded the scam.

12 COMMENTS

  1. What of zenon oil, d one dat belongs to femi otedola, i can’t find his name of d list, abi Femi otedola no follow again? May God punish all of u, dat made d masses to be suffering frm ur greedyness

  2. We Nigerians suppose to appreciate Mr president for this oil subsidy issue.Some cabals have been cheating this country for long time without anybody saying nothing.He opens our eyes to see what have been happenning in the oil sector.Is left for we reasonable Nigerian to come together and put a stop to this evil deeds.

  3. LoL u guys r big jokers rubbing peter to pay paul…….r this all??? Hw abt the odas that bribed nd payed their way out of this national embarrassment??????? God judges!!!

  4. The so called efcc is also one of the highly profile corrupt organizations in Nigeria. Look at what an institution dat says it is fighting corruption brought out. Why is it dat everything relating to Nigeria must be corrupted and fraudulent? So, out of 140 flimsy list, only 19 waz mentioned? Probably, these once culd not offer bribe to the efcc. Let everyone continue in corruption the way they have being going about it believing there’s nothing the poor masses can do. But mind u dat the heavenly sword of God is already up to fight for justice in favour of the poor and helpless masses. Note: there’s no how a corrupt person can fight against corruption.

    • It is a pity that some people are still complaining on the step being taking by the EFCC. We are lack of patient in this country. The EFCC should not mind on some unscrupulous that are seeking for the downfall of our dear Nation.

  5. It is a good news for EFCC to have started proscecuting some people/companies. I know for sure they can’t do it for all of them. Only few might be made scapegoats. I would not be surprised if at the end of the day all of them are set free after the first hearing in the court.

  6. pls before you comment try to understand what you are commenting on if you must have read the topic of the news it started some list not all and final so why make conclusions that it’s been bias or the fighter is corrupt hold on and see their conclusions.

  7. Prayers of d masses have been accepted by Almighty God, and very soon we shall all be forever thankful to Him. We should however not stop praying, unite and do good; otherwise suffering will continue with a President after Buhari worse than Jonathan. May d Curse of Almighty God, d Angels, d Prophets and Future Generations descend on all these mischief makers who looted, stole, recklessly & deliberately mismanaged d God given resources meant for those who died suffering, d present Nigerians and d yet unborn. Ameeeeeeen. Those who recklessly mismanaged d financial resources of Nigeria can run & hide, but by d Mighty Power of God and determination of PMB and those who support his recovery efforts; they will be physically exposed to face justice and be brought to shame and severe punishment of God & Mankind. Aameeen

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