EFCC boss, Bawa testifies in N1.4bn oil subsidy fraud trial

Chairman of the Economic and Financial Crimes Commission, EFCC,
Abdulrasheed Bawa on Wednesday appeared before an Ikeja High Court
to give evidence in a N1.4 billion fraud trial involving an oil
company, Nadabo Energy.

Led in evidence by the prosecution counsel, Saidu Ateh before
Justice C. A. Align, the EFCC boss analysed the email
correspondences of the defendant.

He said investigation revealed that the defendants, contrary to
their claims took about 6 million litres PMS from the mother vessel
to their chartered vessel.

He said the email further confirmed that the same quantity was
discharged at Port-Harcourt.

“In addition, the email also informed us that one Mr Jide Akpan
was the agent of the vessel.

“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.”

Bawa had last year appeared before the court as prosecution
witness.

The EFCC had accused Abubakar Ali Peters and his company, Nadabo
Energy of allegedly using forged documents to obtain
N1,464,961,978.24 from the Federal Government as oil subsidy after
allegedly inflating the quantity of premium motor spirit, PMS
purportedly supplied to 14,000M.

The defendants had pleaded not guilty to the prosecution’s fraud
charge.

Chairman of the Economic and Financial Crimes Commission, EFCC,
Abdulrasheed Bawa on Wednesday appeared before an Ikeja High Court
to give evidence in a N1.4 billion fraud trial involving an oil
company, Nadabo Energy.

Led in evidence by the prosecution counsel, Saidu Ateh before
Justice C. A. Align, the EFCC boss analysed the email
correspondences of the defendant.

He said investigation revealed that the defendants, contrary to
their claims took about 6 million litres PMS from the mother vessel
to their chartered vessel.

He said the email further confirmed that the same quantity was
discharged at Port-Harcourt.

“In addition, the email also informed us that one Mr Jide Akpan
was the agent of the vessel.

“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.”

Bawa had last year appeared before the court as prosecution
witness.

The EFCC had accused Abubakar Ali Peters and his company, Nadabo
Energy of allegedly using forged documents to obtain
N1,464,961,978.24 from the Federal Government as oil subsidy after
allegedly inflating the quantity of premium motor spirit, PMS
purportedly supplied to 14,000M.

The defendants had pleaded not guilty to the prosecution’s fraud
charge.