Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has appeared before an Ikeja High Court to give evidence in a N1.4 billion fraud trial involving an oil company, Nadabo Energy.
Bawa, before his confirmation as EFCC chairman, had earlier appeared before the court last year as a 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 the tune of 14,000m.
The defendants had pleaded not guilty to the prosecution’s fraud charge.
Bawa, in his previous testimony, had told the court that based on the investigation carried out on the defendant’s dealings with Staco Insurance Company, “the Certificate of marine insurance used by the defendant for the transaction in question was forged.”
The matter was adjourned by Justice Balogun to February 10, 16, 23 and March 9, 2021 for the continuation of trial.
Bawa is currently giving more evidence in the trial as at the time of filing this report.
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…
Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…
The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…
The black market dollar to naira exchange rate for today, 22nd December 2024, can be…
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…
Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…
