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Oil Subsidy Scam; Police Delays Trial




Federal High Court sitting in Lagos, Western Nigeria  before His Lordship Mohammed Kurya yesterday{12-09-2013} adjourned till 18 September, 2013 for the proper arraignment of four oil companies and two other executives of the companies  alleged to have swindled the Federal Government to the tune of N1.2 billion, because the Police Prosecuting Counsel had not filed proof of evidence in Seven Count Criminal Charge filed against the arraigned parties.

It was alleged that parties arraigned; Geacan Energy Ltd and its Managing Director, Chinyerem Anike Nweze, Petroleum Broker Ltd and its  Managing Director, Ogundipe Olaniran, Lister Oil Ltd and Oando Plc between January and April, 2011, the accused conspired with others at large to obtain the sum of N1.3 billion subsidy from the Federal Government under the pretence of importing N17.3 million petroleum products into Nigeria via a vessel called Alvis, thereby commiting the offence punishable under Section 8A of Advanced Fee Fraud And Other Related Fraud Offences.

They were also alleged to have forged insurance documents amounting to the tune of N2.2 billion.

The presiding judge,while adjourning the matter till 18 September, ordered the accused  to be in court.

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