Seven individuals, who owned Hepa Global Energy Limited have been convicted for illegal and unlawful dealing in 1,459 metric tonnes of Premium Motor Spirit, popularly called petrol.
The individuals were convicted by a Federal High Court sitting in Lagos and presided over by Justice Okon Abang on Friday, October 30, 2015.
In a report by Vanguard Newspaper, the men; Adedamola Ogungbayi; Olaniran Olabode; Suraju Gasali; Moses Emmanuel; Wilson Bonsi; Okaraodi Uche and Onyeogo Happy were sentenced to 12 years each while their oil vessel, ‘MT Good Success’ and its content was forfeited to the Federal Government of Nigeria.
The report further revealed that the oil thieves also forfeited the sum of N66.6m and $975,000 belonging to the convicts’ company, Hepa Global Energy Limited, domiciled with the First City Monument Bank to the Federal Government.