Precisely 97 days after the submission of the report of the investigation on the fuel subsidy regime, the Economic and Financial Crimes Commission, EFCC seems set to prosecute the first batch of suspects implicated in the oil subsidy fraud. The suspects, comprising oil companies and 11 individuals, will be arraigned before courts in Lagos. A statement from the EFCC assured Nigerians that the Commission will do all in its powers to bring all those who defrauded Nigerians in the name of fuel subsidy to book.
The anti-graft agency is reportedly investigating about 140 other people in relation to the scam.
Companies named in the scam include Nasaman Oil Services; Eternal Oil and Gas Plc; Ontario Oil & Gas Plc; Nadabo Energy Limited; Pacific Silver Line Limited; Axenergy Limited; Fago Petroleum and Gas Limited while the individuals whose names have come up in the scam are: Mamman Nasir Ali; Christian Taylor; Mahmud Tukur; Ochonogor Alex; Walter Wagbatsoma; Adaoha Ugo-Ngadi; Fakuade Babafemi Ebenezer, a staff of the PPRA ; Ezekiel Olaleye Ejidele, a Director at Akintola Williams Deliote Accounting firm; Abubakar Ali Peters; Jude Agube Abalaka and Oluwaseun Ogunbanbo.
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.
The list includes Mahmud Tukur, Ochonogor Alex 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.
Nadabo Energy Limited, Abubakar Ali Peters, Jude Agube Abalaka and Pacific Silver Line Limited are also 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.
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.