Abdulrasheed Bawa, chairman of the Economic and Financial
Crimes Commission (EFCC), appeared before a federal high court in Lagos on
Wednesday to give testimony in a ”N1.4 billion oil subsidy fraud” trial
involving Nadabo, an oil company.
Abubakar Ali Peters and Nadabo, his company, were arraigned
on December 10, 2012 for offences bordering on obtaining money by false
pretences, forgery and use of forged documents.
They are accused of obtaining the aforementioned sum from
the federal government by falsely claiming that it represented the subsidy
accrued to them.
The defendants pleaded “not guilty” to the charges preferred
against them by the EFCC.
During the hearing, Bawa said the defendants took six
million litres of premium motor spirit (PMS) from the mother vessel to a
chartered vessel and inflated the quantity of the product.
The EFCC chairman said there are email correspondences to
show that the company engaged in fraudulent activities.
“The email also informed us that one Mr Jide Akpan was the
agent of the vessel,” Bawa said after he was led in evidence by Saidu Ateh,
prosecution counsel.
“We invited the said Akpan and during the course of our
interrogation with him he confirmed that the first defendant through the second
defendant deferred the vessel and paid for it.”
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