Alleged N1.4bn Oil Subsidy Scam: Court Admits More Evidence Against Nadabo Energy Boss

As EFCC Presents First Witness Against Former Benue University Hospital Chairman

A Lagos federal high court on Monday, admitted more evidences in the alleged N1.4bn oil subsidy fraud against the managing director and chief executive officer, Nadabo Energy Ltd, Abubakar Ali Peters.

The court, sitting in Ikeja, admitted all the documents tendered by the prosecution against the defendant’s and his company arraigned over alleged use of forged documents to obtain N1,464,961,978.24 from the Federal Government as oil subsidy, having allegedly inflating the quantity of Premium Motor Spirit, PMS purportedly imported and supplied by Nadabo Energy Ltd.

The development is sequel to the decision of prosecution counsel, S.K. Atteh, at the sitting on March 10, 2021, to tender correspondences between the EFCC and Petrocam Trading PYT Limited as well as the Corporate Affairs Commission, CAC, in relation to the alleged fraud.

The defendant’s pleaded “not guilty” to the charges preferred against them.

In another development, the EFCC has presented its first witness in the alleged fraud case against former chairman of the Benue University Teaching Hospital, Professor John Ibu, at a Federal High Court, sitting in Makurdi, the state capital.

Prof Ibu, prosecuted alongside Chief Abukenchi Suleiman and his company, ADB Motors Venters Nigeria Ltd, are accused of conspiracy and obtaining ver an alleged N24.6m by false pretence.

The defendants allegedly obtained the said sum from the Benue State University Teaching Hospital under the guise of purchasing a Toyota Landcruiser Prado 2018 Model. However, they never purchased the said vehicle.

The offence is contrary to Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under section 1(3) of the same Act.

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