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Fuel Subsidy Scam 3 oil marketers accused of N0.8bn oil fraud know fate Nov 17

Justice Lateefa Okunnu of the Lagos High Court, Ikeja, will on the 17th of November, 2015, rule on the no-case submission filed by three oil marketers accused of a N789.6 million fuel subsidy fraud.

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Justice Lateefa Okunnu of the Lagos High Court, Ikeja, will on the 17th of November, 2015, rule on the no-case submission filed by three oil marketers accused of a N789.6 million fuel subsidy fraud.

Justice Okunnu fixed the date was fixed after the accuseds' counsels, Prof. Alfred Kasumu (SAN), Mr. Abubakar Shamsudeen and Mr. Eubena Ahmedu, and that of the Economic and Financial Crimes Commission (EFCC), Mr. Rotimi Jacobs (SAN), made their submissions.

The marketers; Adamu Maula, George Ogbonna and Emmanuel Morah, were arraigned alongside their companies, Downstream Energy Sources Ltd and Rocky Energy Ltd, on an amended 26-count charge bordering on conspiracy, obtaining money by false pretences, forgery, uttering and use of false documents.

A fuel station attendant dispenses kerosene at a Nigerian National Petroleum Corporation (NNPC) mega petrol station in Abuja January 23, 2015. REUTERS/ Afolabi Sotunde play A fuel station attendant dispenses kerosene at a Nigerian National Petroleum Corporation (NNPC) mega petrol station in Abuja January 23, 2015. REUTERS/ Afolabi Sotunde (Reuters)

 

The EFCC alleged that the defendants did not import the 10,862 metric tonnes of Premium Motor Spirit (PMS) which their received subsidy payment from the Federal Government for.

READ: FG spent N5trn on fuel subsidy

But their counsels files separate no-case submissions and urged Justice Okunnu to dismiss the charges, saying the High Court does not have jurisdiction in the matter.

“The entire 26 counts against the applicants all relate to matters over which only the Federal High Court had exclusive jurisdiction as provided in Section 251 (a)(g) (n) and (3) of the 1999 Constitution and Section 19 of the Admiralty Jurisdiction Act, 2004," they argued.

“The entire evidence led by the prosecution and contents of the 26 counts amended information together with the extant laws, this honourable court lacks the jurisdiction to adjudicate on the information."

New NNPC boss, Ibe Kachikwu play

New NNPC boss, Ibe Kachikwu

(Information NG)

According to the defence lawyers, evidence presented by the 11 prosecution witnesses had not established a prima facie case against their clients.

Nigeria's Senate President and former governor of Kwara State, Senator Bukola Saraki, in late May said Nigeria was spending $32 billion on non-existing oil subsidy operators being paid by the Petroleum Product Pricing and Regulatory Agency (PPPRA).

Government to scrap fuel subsidies by September play

Government to scrap fuel subsidies by September

(ghnewsnow.com)

 

Recently, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Emmanuel Ibe Kachikwu, said Nigeria spent N5trillion on fuel subsidy between 2006 and 2012.

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