The Particular Offences Courtroom sitting in Ikeja, Lagos, on Tuesday, has convicted and sentenced two oil entrepreneurs, Mamman Nasir Ali and Christian Taylor, to 14 years imprisonment every for N2.2 billion oil subsidy fraud.
Justice Mojisola Dada delivered the judgment towards the defendants, in line with an announcement by the Financial and Monetary Crimes Fee (EFCC) on Tuesday.
They have been re-arraigned alongside Nasaman Oil Providers Restricted on an amended 57-count cost.
EFCC Case
In line with the EFCC assertion, the defendants have been initially arraigned on a 49-count cost bordering on conspiracy to acquire cash by false pretence, forgery, and the usage of false paperwork.
- They have been arrested by the Fee and arraigned for acquiring the sum of N1,480,074,125.61 from the Federal Authorities of Nigeria.
- The EFCC accused them of claiming that the sum represented a subsidy accruing to Nasaman Oil Providers Ltd below the Petroleum Assist Fund for the importation of 20,492,982.50 litres of Premium Motor Spirit (PMS).
One of many counts reads: “Nasaman Oil Providers Ltd, Mamman Nasir Ali, Christian Taylor, Oluwaseun Ogunbambo (now at massive) and Olabisi Abdul-Afeez (nonetheless at massive), on or in regards to the ninth day of November 2011 at Lagos, inside the Ikeja Judicial Division, with intent to defraud, conspired to acquire the sum of N749,991,273.36 (Seven Hundred and Forty-9 Million, 9 Hundred and Ninety-One Thousand, Two Hundred and Seventy-Three Naira Thirty-six Kobo) from the Federal Authorities of Nigeria by falsely claiming that the sum of N749,991,273.36 represented subsidy accruing to Nasaman Oil Providers Ltd below the Petroleum Assist Fund for the importation of 10,031,986 litres of Premium Motor Spirit (PMS), which Nasaman Oil Providers Ltd presupposed to have bought from SEATAC Petroleum Ltd of British Virgin Islands and imported into Nigeria by MT Liquid Fortune Ltd of British Virgin Islands and imported into Nigeria by MT Liquid Fortune Ltd Ex MT Abroad Lima, which illustration you knew to be false.”
One other depend reads: “Nasaman Oil Providers Ltd, Mamman Nasir Ali, Christian Taylor, Oluwaseun Ogunbambo (now at massive) and Olabisi Abdul-Afeez (nonetheless at massive), on or in regards to the eleventh day of April 2011 at Lagos, inside the Ikeja Judicial Division, with intent to defraud, obtained the sum of N1,480,074,125.61 (One Billion 4 Hundred and Eighty Million, Seventy-4 Thousand, One Hundred and Twenty-5 Naira Sixty-One Kobo) from the Federal Authorities of Nigeria by claiming that the sum represented subsidy accruing to Nasaman Oil Providers Ltd below the Petroleum Assist Fund for the importation of 20,492,982.50 litres of Premium Motor Spirit (PMS), which Nasaman Oil Providers Ltd presupposed to have bought from SEATAC Petroleum Ltd of British Virgin Islands and imported into Nigeria by MT Liquid Fortune Ex Mt. Hellenic Blue and Ex MT. Milleura, which illustration you knew to be false.”
- However the defendants pleaded not responsible to all the fees most well-liked towards them.
- The trial was initially holding earlier than Justice Adeniyi Onigbanjo of the Lagos State Excessive Courtroom sitting in Ikeja, Lagos.
“Nonetheless, Justice Onigbanjo withdrew from the case, thereby prompting the re-assignment of the case to Justice Dada, “ the EFCC assertion added.
- The EFCC confused that the prosecution led by Seiduh Atteh offered witnesses and tendered paperwork to substantiate its claims.
Courtroom Judgement
Delivering judgment on Tuesday, Justice Dada held “that the actions of the defendants not solely defrauded the federal government, but in addition undermined the integrity of Nigeria’s oil subsidy programme.”
- The choose sentenced the defendants to 14 years imprisonment every, in line with the EFCC.
- The choose additionally ordered the forfeiture of recognized property and accounts linked to the fraud.
- The choose additionally issued a warrant for the arrest of each Oluwaseun Ogunbambo and Olabisi Abdul Afeez, two different suspects nonetheless at massive.
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