The Economic and Financial Crimes Commission, EFCC, on Tuesday, arraigned yet another suspect in the fuel subsidy scam. Adejugbe Anthony and his company, Tonique Oil Services Limited were brought before Justice Lateefat Okunnu of the Lagos High Court, Ikeja, on a two count charge bordering on stealing and fraud.
Adejugbe was accused of fraudulently converting the sum of N272, 5000,000 (Two Hundred and Seventy Two Million, Five Hundred Thousand Naira ) obtained from Water Gate Petroleum and Gas Limited for the supply five million litres of PMS to defray his liabilities with Sterling Bank without supplying the product for which he was paid.
Adejugbe entered a not guilty plea after which his counsel prayed that the judge should allow his client to be remanded in the custody of the EFCC till the next hearing. The judge however declined and ordered that the accused be remanded in prison till November 19 when the next hearing comes up while she fixed November 22nd and 23rd for trial of the bail application filed by Adejugbe’s counsel, J. Fabilola.