EFCC Names First 20 Suspects To Be Arraigned Over $6.8 Billion Fuel Subsidy Fraud

By Wilson Uwujaren-EFCC Media & Publicity Unit

The Economic and Financial Crimes Commission, EFCC, has concluded arrangements to prosecute the first batch 20 suspects implicated in the oil subsidy fraud. The suspects, comprising six oil companies and 11 individuals, will be docked in Lagos courts.

The companies involved are: 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 11 individuals involved in the scam are: 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 the accounting firm, Akintola Williams Deloitte 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 (Four Billion, Four Hundred and Sixty Million, One Hundred and Thirty Thousand, Seven Hundred and Ninety Seven Naira, Ninety Four Kobo) 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 30.5million litres of Premium Motor Spirit from SEATAC Petroleum Limited of British Virgin Islands.

In the same vein, the anti-graft agency will equally prosecute Abdulahi Alao and Axenergy Limited for allegedly obtaining the sum of N2, 640, 141, 707.75 (Two Billion, Six Hundred and Forty Million; One Hundred and Forty One Thousand; Seven Hundred and Seven Naira, Seventy Five Kobo) being payments received from the Petroleum Support Fund for the purported importation of 33.3 million 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 (One Billion, Eight Hundred and Ninety Nine Million, Two Hundred and Thirty Eight Thousand, Nine Hundred and Forty Six Naira, Two Kobo) 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 (One Billion, Four Hundred and Sixty Four Million, Nine Hundred and Sixty One Thousand, Nine Hundred and Seventy Eight Naira, Twenty- Four Kobo ), 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 (One Billion, Nine Hundred and Fifty Nine Million, Three Hundred and Seventy Seven Thousand, Five Hundred and Forty Two Naira, Sixty Three Kobo) from the Petroleum Support Fund for a purported importation of 39.2 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 ( Nine Hundred and Seventy Nine Million, Six Hundred and Fifty Three Thousand, One Hundred and Ten Thousand Naira, Twenty Eight Kobo), from the Petroleum Support Fund for a purported importation of 33, 627, 84 litres of Premium Motor Spirit.
The 20 suspects are among the over 140 individuals and organisations involved in the on- going investigations into the subsidy payments by the EFCC. More suspects will be arraigned periodically as the investigation progresses.

This investigation is massive and extensive; and the Commission wishes to reassure Nigerians that every effort will be made to bring all those who defrauded the country in the guise of subsidy for imported fuel to book.
 
 

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Great blog! Do you have any

Great blog! Do you have any recommendations for aspiring writers? I'm planning to start my own blog soon but I'm a little lost on everything. Would you advise starting with a free platform like Wordpress or go for a paid option? There are so many choices out there that I'm completely confused .. Any tips? Bless you! bantningsmetoder

From other sources said they

From other sources said they have given him $1billion during his campaign .

OPERATION NO PDP CANDIDATE SHOULD B RETURNED OR VOTED 4

COMING 2015 LET NOT SELL OUR MANDATE AGAIN WITH SMALL SHISHI

Justice

One of the problems we are facing in Nigeria is injustice and lack of equity. Here is where you see someone who stole like 50, 000. 00 that would be seriously dealt with because they are not in position of authority. Then you see a man would steal as much as 200 billions naira that would merely be dealt with. Let see what we happen after this case again.

The above listed culprits

The above listed culprits should be sanctioned as appropriate according to the law, and if possible sentenced to death or life in prison. This kind of fraud will definitely continue if harsh steps are not taken by the authorities. Nigeria is a developing nation where people struggle to earn a living. People wrk so hard just to earn a living even with the kind of experience and eduacation they have acquired, but its nt possible. This has brought a bbig shame , disgrace and pain to Nigerians....we have such heartless people in top positions who are only there to steal .

Sorry for these small fries

Sorry for these small fries who may be used as scape goat. Isn't it funny this is the first time an MD of a bank will chair such a committee to track fraudstars. Interestingly the said bank MD was alleged to be neck deep in receiving the fraudulent subsidy for his customers. Another Govt magic you will say

Ifeanyi flatters to deceive

@Ifeanyi

I wonder aloud what ur motives are, and how much of the proceeds from the filth is/was ur share, because no matter how loud u shout, or how long u blabber, nothing can hide the primary reason for the biggest rape of our commonwealth: the 2011 presidential election was the most expensive ever in the history of mankind!

But the day of reckoning is getting ever closer..

Ifeanyi STOP Flattering to Deceive!!!

@Ifeanyi, I never believed any seemingly informed Nigerian bought into the bogus claim by this govt that subsidy funding passed the trillion naira mark. Until I read ur myopic narrative. Before 2011, subsidy claims never even reached N500 billion in any one fiscal year. Now tell me, how did it quadruple overnight?? And before u even get started again, pls stop this bullshit argument about arrears. The math simply doesn't add up!

On one hand u said the Faruok report was in error to ask NNPC to refund the N1.4tr, and on the other u claim the over N2tr figures quoted by govt is rational and verifiable? Do u realize how easy it is for u to speak from both sides of ur mouth? I'm highly disappointed in u!!! U're actually committing a more heinous crime here than the subsidy fraud culprits. U know why? Because u pretend to arrive at a logical conclusion based on facts, but what u call facts are shallow and toxic gibberish. U flatter to deceive...

read

EFCC.Right b4 an inch. u are very wrong.u ve 2 start from up 2 down.why cant u start with otedola,dangote,abdulsalam abubakar e.t.c.b4 coming 2 d names u specified.EFCC.u cant do this job.pls, dont deceive nigerians.

Goodluck Jonathan has no Moral Right to try anyone (3)

We did not carry out any coup that killed people. We did not secede from Nigeria. Majority of Yorubas are tired of Nigeria and want out. A reason why we do not vote mainstream.
A Goodluck Jonathan in a Yorubaland would have been impeached. Our Obas (let us go traditional for a minute) know what the people are capable of doing. Yorubas depose their Obas.
If anyone is listening, organise a referendum today. We want out. South-South take your Oil and go. Everybody else go and clean your houses. Enough of this stench. Goodluck Jonathan has absolutely no moral right to try anyone. He is not morally fit!! He should be impeached and go!!!

Goodluck Jonathan has no Moral Right to try anyone (2)

A man whose wife cannot distinguish between public and private moral requisites. A woman requesting for remuneration for unelected individuals simply because they have a conjugal relationship with an elected official.
A man who does not give a damn. A ruler (not a leader) who does not give a damn. The committees that were set up by Ngozi Okonjo-Iweala and Goodluck Jonathan were headed by Aig Aig-Imoukhuede. This same man (in obvious conflict of interest) has employees with relationships to companies that benefited from this scam. He is suspected to be a beneficiary of the whole process as well.
Let me conclude by saying to those who insult Yorubas and say all the nonsense they like. Yorubas are peace loving people. A wa aye wahala (We have not come to a world of wahala). We have always used the ballot to demand for our autonomy.

Goodluck Jonathan has no Moral Right to try anyone (2)

A man whose wife cannot distinguish between public and private moral requisites. A woman requesting for remuneration for unelected individuals simply because they have a conjugal relationship with an elected official.
A man who does not give a damn. A ruler (not a leader) who does not give a damn. The committees that were set up by Ngozi Okonjo-Iweala and Goodluck Jonathan were headed by Aig Aig-Imoukhuede. This same man (in obvious conflict of interest) has employees with relationships to companies that benefited from this scam. He is suspected to be a beneficiary of the whole process as well.
Let me conclude by saying to those who insult Yorubas and say all the nonsense they like. Yorubas are peace loving people. A wa aye wahala (We have not come to a world of wahala). We have always used the ballot to demand for our autonomy.

Goodluck Jonathan has no Moral Right to try anyone.

This is why I disagree with those who say Nigeria should not split. This is why I disagree with those who say Nigeria should not go at least confederate. Some are abusing Yorubas here now. That's fine. As a proper Yoruba man, I was raised with proper values. Our elders say - E ni ba je gbi lo ma ku gbi. (If you eat frog, na you go croak). If any Yorubaman is involved in this scam, let him be punished. But the gall of Goodluck Jonathan, trying anybody. A man who does not know whether he should declare his assets or not? A man whose wife was a ghost worker and got promoted to the highest rank a civil servant could attain? A man who was investigated by the same EFCC? A man whose wife was accused and investigated by the same EFCC? A man who openly admitted to requesting a church be built in his hometown and did not see anything wrong with it?

ACN LEADING IN THE FUEL SUBSIDY SCAM

Yes for Jonathan we would not have known that the VP to Ribadi in ACN, Fola Adeola was also involved in the fuel subsidy scam. At least the scam has been on for over 26 yrs. From Ibb, abacha to obj. Who was indicted by them nobody. Did the socalled Sanusi do something about the sudden jump in the amount used in the payment of the fake fuel subsidy scam controlled by ACN and CPC? Sansui declared that he will deal with all those taking money from the banks and refusing to use it for the purpose for which the loans were obtained. There are things that you do to stabilize the economy without waiting for the president. You do it for the good of the country and those who hired you. Look at Farouk the biggest 419ner to walk the surface of the earth, do u blame Jona 4 that one also?

THE TIME OF AWAKENING IS NOW - EVIL POLITICIANS

Haba! Nigerian government in conjunction with EFCC, where is OTEDOLA?...we have not fallen to your bait o!

UNCOVERED!!!. The faces of the evil politicians in our country.

Now is the time to wake up!.

Reuben Abati, a Saint or Sinner? visit
http://i1246.photobucket.com/albums/gg604/ayodejiwilliams/reubenab
atisaintorsatan.jpg to have your say.

EFCC

This is funny. Indeed! where are the real culprits Otedola, Dangote, Abdulsami Abubakar, Mangal etc ?

We all know their tribe...

Allah Wubade,

Everyone can now see why naija will never be separated. Yorubas will never allow such to ever happen. Can everyone now see how they have plundered our common wealth. Until we get rid of these enemies of the naija state, nothing good will come out from our fatherland.

Instant death to any one still advocating for one nigeria.
May Baal grant Imam Shekau and Abu Qaqa the power to split naija. Long live Arewa republic. Long live Biafra. Death to Yoruba one nigeria. All say amen!!!

Yorubas have finished naija...

Allah Wubade,

Everyone can now see why naija will never be separated. Yorubas will never allow such to ever happen. Can everyone now see how they have plundered our common wealth. Until we get rid of these enemies of the naija state, nothing good will come out from our fatherland.

Instant death to any one still advocating for one nigeria.
May Baal grant Imam Shekau and Abu Qaqa the power to split naija. Long live Arewa republic. Long live Biafra. Death to Yoruba one nigeria. All say amen!!!

Animal farm

this is yet another movie from thesame producer. It the tales of those who sold their mother just to get rich overnight. Brought before the court of junters presided by jesters.

fuel subsidy fraud

Real selective justice by EFCC ie what we certainly expect from this corrupt Government.

Gud

Gud

Na The Sem Tribesoooo

Hausa @ Yoruba una don thif us finish. Na una thief bank, petrol,presidency, house, senate, NEPA, Army, NNPC, Telephone, Gas, etc. Na waoooo. No wonda una de beg for one Niaja.

@kakuri u talk correct.

@kakuri u talk correct.

Re: petroleum subsidy trial

The National Assembly should pass a law that those found to have stolen Nigeria's money by any means should be sentenced to death. No life sentence would be good enough to punish these fraudsters. Nigeria should do exactly what Jerry Rawlings did to clean up the mess in Ghana. If we can do that in Nigeria, sanity will return to our land and those who want to serve the nation can have a clear focus without any backroom deals. All rigging of elections at the local, state and federallevels will cease for good.

you see!

All this names above are not even from the Niger Delta, who are producing all the oil. GOD will punish all of those that are eating from where they don't belong, Lord hav mercy on Niger Deltan. GOD help our son(GEJ) to the end!

Gullible and Naive Nigerians expecting justice under Adoke?

WHEN "The Attorney General of the Federation (AGF) and Minister of Justice, Mohammed Bello Adoke, revealed that the federal government cannot prosecute the people indicted in the House of Representative probe into the management of the fuel subsidy, saying the probe was just a ‘fact-finding’ mission"
http://saharareporters.com/news-page/minister-justice-bello-adoke-says-n...

no one was shocked for just in January, his own skeleton was exposed!

"Multi-Million Dollars Hidden Bank Accounts Of Jonathan’s Minister Of Justice, Bello Adoke Exposed-iReports-ng.com"

http://saharareporters.com/news-page/multi-million-dollars-hidden-bank-a...

Therefore, why should anyone mind what the hired hands on this board say one day and deny same night?

Yet gullible and Naive Nigerians expect justice under the watch of this man?

OK na

Lets hope it doesnt take forever in the courts.. Lets hope the others are prosecuted too.

http://infosecurityng.com

ole

ole too go dey shout ole for nigeria...omg.....more news and gist here at www.gistyinka.com

some people are missing

My brother, am not surprise that Otedola and Petroleum Minister names were omitted. With what we watched during the subsidy probe. The real culprits names were not among the first batch. Government magic has started again to use some people as scape goat leaving the real criminals. WE ARE WATCHING EFCC PROSECUTION. Everybody that have worked in Oil and Gas knows Otedola shady deals in Oil and Gas. We know how the Govt will exclude his name in this oil subsidy scam.

@Tundemash..,more correction pls!

Again, I stated in my previous comments that it is NOT outrageous to spend N2trillion on fuel subsidy in 2011 considering how much was spent on subsidy in previous years(since 2006). I submitted that the huge expenditure in that range should be expected following the pattern of expenditure since 2006. I still stand by that submission. Irrespective of marketers who fraudulently collected subsidy money, who will later make refunds, many more marketers are still being owed 2011 fuel subsidy ARREARS. You'll recall that even now, many fuel markers are not importing fuel because they'r being owed by govt. By the time you ADD the refunds and SUBTRACT the arrears, you'll be back to that TOTAL expenditure in the range of N2trillion. Thank you.

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