EFCC testifies in NI.4b oil subsidy trial of Nadabo Energy boss | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 94%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

EFCC testifies in NI.4b oil subsidy trial of Nadabo Energy boss | The Guardian Nigeria News - Nigeria and World News ⚠️

Chairman of the Economic and Financial Crimes Commission , Abdulrasheed Bawa, has told a Lagos High Court sitting in Ikeja that the anti-graft agency carried out ‘holistic investigation’ about Abubakar Ali Peters and his company, Nadabo Energy Limited, over allegation of N1.4 billion subsidy fraud. He disclosed this while he was cross-examined before Justice Christopher Balogun in an ongoing trial of the duo.

“Through our investigation, we found out that the content of the documents submitted, including a letter written by Masters Energy to the Petroleum Products Pricing Regulatory Agency that the defendant discharged 14,000MT equivalent to about 19,000,000 litres of PMS in their tank farm is false. From our findings, some documents from the Department of Petroleum Resources were also false,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeroa courts & adjournment are the major reasons why cases of high profile takes almost a decade to get judgement. Compare with the speed a Petty Thief gets convicted within a year. How can the Judiciary & NJC remedy this ugly situation to help curb criminal activities in 🇳🇬

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ENERGY

Energy Energy Latest News, Energy Energy Headlines