Nigeria In One Minute
Subsidy Fraud: Another Oil Marketer Bags 10 Years Imprisonment
Justice Lateefa Okunnu of an Ikeja High Court thursday sentenced another oil marketer, Rowaye Jubril, to 10 years imprisonment over a N963.7 million fuel subsidy fraud.
The judge had two months ago jailed two other oil marketers, Walter Wagbatsoma and Adaoha Ugo-Ndali, and their company, Ontario Oil and Gas Limited.
They were convicted for N754million subsidy fraud by the same court.
Delivering the judgment, Justice Okunnu also made an order of restitution for his company to refund N963.7 million to the federal government.
The convicts were first arraigned on a 13-count charge bordering on conspiracy, obtaining money by false pretext, forgery and use of false documents by the Economic and Financial Crimes Commission (EFCC) in November 2012.
The judge sentenced the convicts to eight years each on counts two to 13 and ordered that the sentences would run concurrently and commenced from the date of judgment.
According to EFCC, the defendants had obtained N963.7 million from the federal government under the Petroleum Support Fund between October 2010 and May 2012.
The anti-graft agency said the money was obtained for the purported importation of 13,500 metric tonnes of petrol.
Thisday, March 17, 2017
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