U S Ambassador visits mosque, pledges to promote peace in Nigeria

The U.S Ambassador to Nigeria, Mr Terence McCulley, on Thursday said that the U.S mission in Nigeria was committed to promoting peace and mutual understanding in the country.

McCulley said this at Guzampe, Abuja, at the Al-Habibiyyah Ramadan feeding programme.
McCulley, who was represented by Mr James McAnulty, the Charge D’ Affairs of the embassy, said that the gesture was aimed at fraternising with the Muslim faithfuls.

“The opportunity to join the Muslim brothers and sisters in the celebration of their faith, reminds us that we are all part of a larger community dedicated to making Nigeria a better place,’’ he said.
The Ambassador, who came in the company of some U.S mission volunteers, said that the desire for a life of peace and prosperity was not limited to any community.

“We hope that by being here today, we shall keep up the good relationship we have with Muslim community of Abuja and Nigeria as a whole. This Iftar is special because it brings individuals from many groups and Muslims to celebrate one of the five pillars of the Islamic faith.’’

McCulley stated that his country was pleased to support Al-Habibiyyah’s food bank programme and hoped that such efforts would be sustained. NAN.
source vanguard

Nigeria requires 650,000 policemen to overcome security challenges

Ado-Ekiti – About 650,000 police officers would be needed to adequately confront the security challenges facing Nigeria, a university lecturer, Prof. Kunle Ajayi, said in Ado Ekiti on Thursday.

Ajayi, a Professor of Political Science, Ekiti State University, (EKSU) gave the figure in a paper he delivered at the annual Michael Opeyemi Bamidele Lecture Series, held at Christ School, Ado-Ekiti.
The paper is entitled: “Legislating in a Troubled Times: National Assembly and the Challenges of Legislating for Good Governance in Nigeria”.

The don, who is also the Head the institution’s Department of Political Science, said that shortage of personnel had been the major constraints militating against effective policing in the country.
He said that Nigeria with an estimated population of 160 million people was policed by 370,000 policemen
“This unfortunately translates to mean one policeman to as many as 432 people,” he said.
“For effective policing, the nation needs at least 650,000 police personnel for a start,” he said.
Ajayi urged the three tiers of government to collaborate to stem the tide of insecurity in the country by providing jobs for unemployed youths.

He also urged government officials to address the issues of corruption and incompetence in public places. (NAN)
source: vanguard news

Jonathan challenges African first ladies to speak against abuses

Abuja — President Goodluck Jonathan has challenged African First Ladies to summon courage to speak out against abuses in the continent to promote peace and stability.

President Jonathan, who declared open the African First Ladies Peace Mission, AFLPM, in Abuja, Thursday,  expressed optimism that soon, Nigeria will produce its first set of female service chiefs.

ROM LEFT: NIGERIAN FIRST LADY/PRESIDENT, AFRICAN FIRST LADIES PEACE MISSION (AFLPM), DAME PATIENCE JONATHAN; PRESIDENT GOODLUCK JONATHAN, AND THE PRESIDENT JOYCE BANDA OF MALAWIAN, AT THE 7TH SUMMIT OF AFLPM IN ABUJA ON THURSDAY 

According to him, the recent re-admittance of women into the Nigeria Defence Academy, NDA, to train to become combatant soldiers was an indication of the Federal Government’s commitment to uplifting the fortunes of women.

According to him, “for the first time, we admitted women into the prestigious Nigerian Defence Academy to prepare women as full combatants in the Army, Navy and Air Force.

“We have admitted women now into NDA and we are hopeful that in few years to come, a woman could be Chief of Army Staff, Chief of Air Staff, Chief of Naval Staff  or even Chief of Defence Staff.
“We have commenced the journey and we’ll get there. I just listened to my sister, Banda, who advocated women to grow to be heads of their armed forces.”

He said as women and mothers, women had the power “to control the gladiators that cause conflict in Africa and being mothers can control the youth used for violence”.

He pledged that his administration remained resolute in the implementation of policies on effective representation of women in all aspects of governance.

“I urge you all to encourage governments to implement existing international legal frameworks that promote peace, security and human development.

“It must also summon the will to speak up wherever and whenever these frameworks are abused. But the task is not for you alone, raising the standards of survival in Africa is a collective task,” the president said.
 source: vanguard

Urhobo youths plan mass protest over govt neglect

WARRI – WORRIED by the perceived neglect of the Urhobo Nation by the Goodluck Jonathan led administration, and the dwindling political fortune, the Urhobo youths have been called upon by Comrade Rex Anighoro, an Urhobo youth leader, to take their destiny in their hands and join forces together to wrestle back the lost glory through a planned mass protest.

This is coming on the heel of the call on the President by Chief (Maj-Gen.) Patrick Aziza (Rtd.), President General of the Urhobo Progress Union to appoint an Urhobo son/daughter into the federal executive. council in order to correct the perceived neglect.

An agitated Anighoro made the call thursday in Warri, Delta State in a social media chat promised that the planned protest will be peaceful.

According to him, “The Urhobo nation has become a laughing stock, greatly derided by friends and enemies, the urhobo people strong, intelligent and creative but lacking in common purpose. The urhobo nation which is bigger than over 70 independent nations has lost her leadership role in the Niger Delta, the Nigerian enterprise and African project.”

Anighoro lamented that with the Urhobo greats fast declining with no adequate and ready replacement; it is high time that the youths rose to the occasion by staking a claim to reclaiming its lost glory.
In his words, “ Today, as the first generation of Urhobo greats, like the Oshues;  Mowoes, Salubis, Okumagbas, Dafinone, Ovie whiskeys, Akpores,  Ibrus, Brumes, and the rank and file gets more depleted, I fear if there are adequate replacements.”

He declared that it is time for the Urhobo people to join forces with the over 1000 Urhobo youths to storm the streets in a direct action to renegotiate the Urhobo pride of place.

“We shall use the face of Mukoro Mowoe and Oshue of Orhuworun as our symbols, we shall design our flags, draw our map, compose a political national anthem, design our coat of arms and many more. It is the urhobo revolution! Watch out for Urhobo youth summit!”
source:vanguard news

Slow budget implementation: Presidency shifts blame to N-Assembly

Abuja — The Presidency, yesterday, shifted the blame for the slow implementation of the 2012 budget to the doorstep of the National Assembly, saying the insertion of constituency projects by the legislature into the original copy of the budget has significantly altered the budget.

Minister of Finance, Dr Ngozi Okonjo-Iweala, who addressed State House correspondents after the weekly Federal Executive Council, FEC, meeting in Abuja maintained that the ultimatum given by the House of Representatives for a 100 per cent implementation of the budget by September was untenable even in advanced economies.



According to the minister, who was accompanied by the Minister of Information and the Director General of the Bureau of Public Procurement,  the insertion of constituency projects by the parliament  requires the ministries to commence fresh procurement process which is procedural and backed by the law.

Okonjo-Iweala said the collaboration between the two arms of government on  the budget implementation had yielded results as the implementation and utilisation of resources which as at end of May stood at 39 per cent  was now at 56 per cent as at July 20.

Third quarter funds for release next two weeks
She said of the budgeted figure of N4.96 trillion, N404 billion had been released with a  cash backing of N324 billion and a utilisation of 56 per cent. The minister said the third quarter funds would be released within the next two weeks.

She noted: “We have been working quite collaboratively with the National Assembly on the budget. We have met with the various committees of the House and the Senate and we appreciate the cooperation that we have from them in trying to get this budget and also in working to implementation.

“Let me stress that the objective of Mr. President and that of the execuives is very much the same as that of the National Assembly, which is to ensure that there is budget execution in order to deliver on the development programmes for this country.  To that effect, we have really been working hard to try and get this done and I think the proof that the attention the President has been giving to these issues is bearing fruit is the fact that from the review we had last month, where implementation and utilisation of resources was at 39 per cent, we are now at 56 per cent. So, we have moved from 39 per cent as at the end of May to 56 per cent as at July 20.

“So, I think that is a very good progress and we expect to see continuing progress in that particular area. As you know, we have released about N404 billion so far, cashed back N324 billion and the utilisation of that is 56 per cent. We will soon be considering the release of the third quarter funds, we hope to do that within the next two weeks or so.

Challenges
“We do face a couple of challenges that we have also been working with the National Assembly on, effectively and quietly we have been working with them on a couple of these challenges.
“We hope that the good cooperation we have had with the National Assembly will continue in rectifying some of these moves which you find in the budget because it will also enable MDAs to implement the budget a bit faster.

On 100% budget implementation
On the ultimatum that government must  implement 100 per cent of the budget by the end of September, Okonjo-Iweala said: “In terms of 100 per cent implementation, I think what I read that was said by sections of the National Assembly will have to do 100 per cent implementation of the budget by September.
“First, in my experience world wide, there is hardly any country where you would implement 100 per cent even by the end of the year and this is based on very broad experience, but people try to get at least to 80 per cent or 90  per cent of the budget, as much as can be done.

“One hundred per cent by September, you know September is the ninth month of the year, so we will definetly be moving. I think the point is that Mr President is determined to implement this budget as fully as possible and, therefore, we will be moving towards the figure of as full implementation as we can by the end of the year because the budget was made for the whole year.”

“So you can see that there is no lack of effort, no lack of goodwill. If we could go from 39 per cent in May to 56 per cent by mid July, that shows a considerable leap and I’m quite confident that as we go month by month, both us and the National Assembly will be able to look at it and say yes a good effort has been made for the country.”

On his part, the DG BPP said “Part of the global requirement is that public funds must be subjected to scrutiny. In our law, it is open competitive bidding. Projects must remain in public domain for the period of six weeks”.
source: vanguard news

FUEL SUBSIDY SCAM: Bamanga Tukur’s son, 11 others charged

By Abdulwahab Abdulah, Onozure Dania & Bartholomew Madukwe
LAGOS—The law bared its fangs, yesterday, as the Ikeja and Lagos judicial divisions will try 7 oil companies and 12 directors charged before them.

They face between 7 years and 20 years imprisonment and to refund N304bn which was alleged to have been illegally taken from the Federal Government coffers.

The Economic and Financial Crimes Commission, EFCC, yesterday, filed charges against the first batch of 18 suspects comprising six oil companies and 12 individuals implicated in the oil subsidy fraud. The companies are: Nasaman Oil Services; Eterna Oil and Gas Plc; Contario Oil & Gas Plc; Nadabo Energy Limited; Pacific Silver Line Limited, Axenergy Limited and Fago Petroleum and Gas Limited.

The 12 individuals involved in the scam are: Mamman Nasir Ali; Christian Taylor; Mahmud Tukur; Ochonogor Alex; Walter Agbasoma; Adaoha Ugo-Ngadi; Fakuade Babafemi Ebenezer; Ezekiel Olaleye Ejidele; Abubakar Ali Peters; Jude Agube Abalaka, Abdulahi Alao and Oluwaseun Ogunbanbo.

Ezekiel Olaleye Ejidele is director of the accounting firm of Akintola Williams Deloitte while Fakuade Babafemi Ebenezer is a staff of the Petroleum Products Pricing and Regulating Agency, PPPRA.
At Ikeja High Court, Justices Habeeb Abiru and Adeniyi Onigbanjo have been assigned to entertain some of the charges while Justices Samuel Candide-Johnson, Lawal Akapo and Dotun Adefope-Okojie of Lagos High Court will try the other charges in Lagos.

Justices Abiru and Onigbanjo who are presently on annual court vacation couldn’t come for the formal arraignment of the oil marketers yesterday. It was gathered that the Judges will sit today (Wednesday) for their arraignment.

In Justice Onigbanjo’s court, Mahmud Tukur, son of the Chairman of the Peoples Democratic Party, PDP, Alhaji Bamanga Tukur; Ochonogor Alex, Abdulahi Alao and Eterna Oil & Gas Ltd are defendants in a nine-count charge of  alleged conspiracy, forgery, and obtaining N676.9 million under false pretence.
The EFCC alleged that the suspects on April 28, 2011 in Lagos, fraudulently obtained a total sum of N676.9 million from the Federal Government purporting same to be payment accruing to Eterna Oil under the Petroleum Support Fund.

They are also accused of falsifying claims of having “purchased 33,288,388 litres of Premium Motoring Spirits (PMS) from Mercury Energy Trading AS and imported to Nigeria through Ex-MT Fulmer, Ex-MT Emirates Star and Ex-MT Panther.”

The case preferred against the defendants before Justice Abiru bordered on “conspiracy to obtain N1.9 billion under false pretence contrary to Section 8, punishable under Section 107 of Advance Fee Fraud & other Related offences.”

The charge against Fakuade Babafemi Ebenezer and Ezekiel Olajide Ejide stated that they “conspired to obtain property by false pretence contrary to Section 8 punishable under Section 1 of the Advance Fee Fraud and other Related Offences on July 7, 2010, within the jurisdiction of this court.

“Conspired to commit an offence to wit: Obtaining the sum of N340, 178, 111.231 from the Federal Government of Nigeria, purporting to be Payment Support Fund, which sum was in excess of the actual value of the product imported into Nigeria.”

They were also said to have collected the sum of N340, 015,198, being “Excess of the value of the actual product (12,070,706 litres) delivered by MT. Union Brave to Integrated Oil & Gas Ltd on your behalf as against 19,681, 731 litres you falsely claimed to have discharged.”

The defendants were also accused by the government of “altering and forging documents contrary to Section 468 and 467 of the Criminal Code Cap. C17, Vol. 2, Laws of Lagos of State of Nigeria, 2006” respectively. The offences were said “to contradict Section 1 of the Advance Fee Fraud and other Related Offences.

“The charge further said: “On July 7, 2010, within the jurisdiction of the court, you conspired to commit an offence to wit: Obtaining the sum of N340, 178, 111.231 from the Federal Government of Nigeria Support Fund, which sum was in excess of the actual value of the product imported into Nigeria.”

Abdulahi Alao will also face another 7-count charge bothering on obtaining by false pretence, forgery and use of false documents before Abiru.

He is accused of “fraudulently obtaining N2.5 billion in December 2010 from the Federal Government as subsidy payments for supplying 13,364,284 and 20,014,627 litres of PMS from Ex- MT Gavros and Ex-MT Nippon Princess.”

In same vein, two directors of other oil companies who were charged  before the Lagos State High Court in Igbosere will be arraigned on Thursday (tomorrow) for their alleged complicity in the fuel subsidy fraud of N2.153 billion, for the importation of 36.654 million litres of Premium Motor Spirit (PMS) into the country.
In a charge No. ID/117C/2012, Integrated Resources Limited, Durosola Omogbemigun, Pinnacle Oil & Gas and Peter Mba who are defendants were accused of having between 2010 and 2011conspired to defraud the Federal Republic of Nigeria by collecting the said money from the Petroleum Support Fund, in respect of purported importation of Premium Motor Spirit (PMS) from Europe to Nigeria.

The charge read: “You Integrated Resources Limited, Durosola Omogbemigun, Pinnacle Oil & Gas and Peter Mba, on or about February 4, 2011 within the jurisdiction of this Court, by false pretence and intention to defraud obtained from the Federal Republic of Nigeria the sum N986.154 million, requested the said money to be subsidy payment payable to the Integrated Resources Limited, by the Federal Government, under the Petroleum Support Fund, in respect of 19.347 million litres of PMS, which you falsely claimed to have purchased from Guinness Petroleum Limited.”

The charge further stated, “Omogbemigun, on November 15, 2011 defrauded the Federal Republic of Nigeria of the sum N343.182 million, money meant to be subsidy payable to the Integrated Resources Limited, by the Federal Government, under the Petroleum Support Fund, in the respect of 4.116 million litres of PMS, which he claimed to have purchased from Alkamo International Limited and allegedly imported into Nigeria.

“That Durosola Omogbemigun, on or about November 15, 2011 within the jurisdiction of this honourable Court, by false pretence with intent to defraud the Federal Republic of Nigeria, the sum of N823.305 million, purported the said sum to be subsidy payable to the Integrated Resources Limited, by the Federal Government, under the Petroleum Support Fund, in respect of 9.191 million litres of PMS, which you falsely claimed to have purchased from Alkamo International Limited and alleged imported into Nigeria”

Nasaman Oil Services; Mamman Nasir and Christian Taylor are to face charges bordering on obtaining N4, 460, 130, 797. 94 (Four Billion, Four Hundred and Sixty Million, One Hundred and Thirty Thousand, Seven Hundred and Ninety Seven Naira, Ninety Four Kobo) from the Federal Government of Nigeria under false pretence. The sum is alleged to have been fraudulently obtained as subsidy payments from the Petroleum Support Fund for the purported importation of 30.5million litres of Premium Motor Spirit from SEATAC Petroleum Limited of British Virgin Islands.

Nadabo Energy Limited, Abubakar Ali Peters, Jude Agube Abalaka and Pacific Silver Line Limited are to be prosecuted for allegedly obtaining the sum of N1, 464, 961, 978.24 (One Billion, Four Hundred and Sixty Four Million, Nine Hundred and Sixty One Thousand, Nine Hundred and Seventy Eight Naira, Twenty- Four Kobo ), being payments fraudulently received from the Petroleum Support Fund for a purported importation of 19.4million litres of Premium Motor Spirit.

Walter Agbasoma; Adaoha Ugo -Ngadi; Fakuade Babafemi Ebenezer; Ezekiel Olaleye Ejidele and Contario Oil & Gas Nigeria Limited will be arraigned for fraudulently obtaining the sum of N1, 959, 377, 542, .63 (One Billion, Nine Hundred and Fifty Nine Million, Three Hundred and Seventy Seven Thousand, Five Hundred and Forty Two Naira, Sixty Three Kobo) from the Petroleum Support Fund for a purported importation of 39.2 litres of Premium Motor Spirit.

Fago Petroleum and Gas Limited and Oluwaseun Ogunbanbo who are also charged will be docked for fraudulently obtaining the sum of N979,653,110.20 ( Nine Hundred and Seventy Nine Million, Six Hundred and Fifty Three Thousand, One Hundred and Ten Thousand Naira, Twenty Eight Kobo), from the Petroleum Support Fund for a purported importation of 33, 627, 84 litres of Premium Motor Spirit.

source: vanguard news

FUEL SUBSIDY SCAM: Bamanga Tukur’s son, 11 others charged

By Abdulwahab Abdulah, Onozure Dania & Bartholomew Madukwe
LAGOS—The law bared its fangs, yesterday, as the Ikeja and Lagos judicial divisions will try 7 oil companies and 12 directors charged before them.

They face between 7 years and 20 years imprisonment and to refund N304bn which was alleged to have been illegally taken from the Federal Government coffers.

The Economic and Financial Crimes Commission, EFCC, yesterday, filed charges against the first batch of 18 suspects comprising six oil companies and 12 individuals implicated in the oil subsidy fraud. The companies are: Nasaman Oil Services; Eterna Oil and Gas Plc; Contario Oil & Gas Plc; Nadabo Energy Limited; Pacific Silver Line Limited, Axenergy Limited and Fago Petroleum and Gas Limited.

The 12 individuals involved in the scam are: Mamman Nasir Ali; Christian Taylor; Mahmud Tukur; Ochonogor Alex; Walter Agbasoma; Adaoha Ugo-Ngadi; Fakuade Babafemi Ebenezer; Ezekiel Olaleye Ejidele; Abubakar Ali Peters; Jude Agube Abalaka, Abdulahi Alao and Oluwaseun Ogunbanbo.

Ezekiel Olaleye Ejidele is director of the accounting firm of Akintola Williams Deloitte while Fakuade Babafemi Ebenezer is a staff of the Petroleum Products Pricing and Regulating Agency, PPPRA.
At Ikeja High Court, Justices Habeeb Abiru and Adeniyi Onigbanjo have been assigned to entertain some of the charges while Justices Samuel Candide-Johnson, Lawal Akapo and Dotun Adefope-Okojie of Lagos High Court will try the other charges in Lagos.

Justices Abiru and Onigbanjo who are presently on annual court vacation couldn’t come for the formal arraignment of the oil marketers yesterday. It was gathered that the Judges will sit today (Wednesday) for their arraignment.

In Justice Onigbanjo’s court, Mahmud Tukur, son of the Chairman of the Peoples Democratic Party, PDP, Alhaji Bamanga Tukur; Ochonogor Alex, Abdulahi Alao and Eterna Oil & Gas Ltd are defendants in a nine-count charge of  alleged conspiracy, forgery, and obtaining N676.9 million under false pretence.
The EFCC alleged that the suspects on April 28, 2011 in Lagos, fraudulently obtained a total sum of N676.9 million from the Federal Government purporting same to be payment accruing to Eterna Oil under the Petroleum Support Fund.

They are also accused of falsifying claims of having “purchased 33,288,388 litres of Premium Motoring Spirits (PMS) from Mercury Energy Trading AS and imported to Nigeria through Ex-MT Fulmer, Ex-MT Emirates Star and Ex-MT Panther.”

The case preferred against the defendants before Justice Abiru bordered on “conspiracy to obtain N1.9 billion under false pretence contrary to Section 8, punishable under Section 107 of Advance Fee Fraud & other Related offences.”

The charge against Fakuade Babafemi Ebenezer and Ezekiel Olajide Ejide stated that they “conspired to obtain property by false pretence contrary to Section 8 punishable under Section 1 of the Advance Fee Fraud and other Related Offences on July 7, 2010, within the jurisdiction of this court.

“Conspired to commit an offence to wit: Obtaining the sum of N340, 178, 111.231 from the Federal Government of Nigeria, purporting to be Payment Support Fund, which sum was in excess of the actual value of the product imported into Nigeria.”

They were also said to have collected the sum of N340, 015,198, being “Excess of the value of the actual product (12,070,706 litres) delivered by MT. Union Brave to Integrated Oil & Gas Ltd on your behalf as against 19,681, 731 litres you falsely claimed to have discharged.”

The defendants were also accused by the government of “altering and forging documents contrary to Section 468 and 467 of the Criminal Code Cap. C17, Vol. 2, Laws of Lagos of State of Nigeria, 2006” respectively. The offences were said “to contradict Section 1 of the Advance Fee Fraud and other Related Offences.

“The charge further said: “On July 7, 2010, within the jurisdiction of the court, you conspired to commit an offence to wit: Obtaining the sum of N340, 178, 111.231 from the Federal Government of Nigeria Support Fund, which sum was in excess of the actual value of the product imported into Nigeria.”

Abdulahi Alao will also face another 7-count charge bothering on obtaining by false pretence, forgery and use of false documents before Abiru.

He is accused of “fraudulently obtaining N2.5 billion in December 2010 from the Federal Government as subsidy payments for supplying 13,364,284 and 20,014,627 litres of PMS from Ex- MT Gavros and Ex-MT Nippon Princess.”

In same vein, two directors of other oil companies who were charged  before the Lagos State High Court in Igbosere will be arraigned on Thursday (tomorrow) for their alleged complicity in the fuel subsidy fraud of N2.153 billion, for the importation of 36.654 million litres of Premium Motor Spirit (PMS) into the country.
In a charge No. ID/117C/2012, Integrated Resources Limited, Durosola Omogbemigun, Pinnacle Oil & Gas and Peter Mba who are defendants were accused of having between 2010 and 2011conspired to defraud the Federal Republic of Nigeria by collecting the said money from the Petroleum Support Fund, in respect of purported importation of Premium Motor Spirit (PMS) from Europe to Nigeria.

The charge read: “You Integrated Resources Limited, Durosola Omogbemigun, Pinnacle Oil & Gas and Peter Mba, on or about February 4, 2011 within the jurisdiction of this Court, by false pretence and intention to defraud obtained from the Federal Republic of Nigeria the sum N986.154 million, requested the said money to be subsidy payment payable to the Integrated Resources Limited, by the Federal Government, under the Petroleum Support Fund, in respect of 19.347 million litres of PMS, which you falsely claimed to have purchased from Guinness Petroleum Limited.”

The charge further stated, “Omogbemigun, on November 15, 2011 defrauded the Federal Republic of Nigeria of the sum N343.182 million, money meant to be subsidy payable to the Integrated Resources Limited, by the Federal Government, under the Petroleum Support Fund, in the respect of 4.116 million litres of PMS, which he claimed to have purchased from Alkamo International Limited and allegedly imported into Nigeria.

“That Durosola Omogbemigun, on or about November 15, 2011 within the jurisdiction of this honourable Court, by false pretence with intent to defraud the Federal Republic of Nigeria, the sum of N823.305 million, purported the said sum to be subsidy payable to the Integrated Resources Limited, by the Federal Government, under the Petroleum Support Fund, in respect of 9.191 million litres of PMS, which you falsely claimed to have purchased from Alkamo International Limited and alleged imported into Nigeria”

Nasaman Oil Services; Mamman Nasir and Christian Taylor are to face charges bordering on obtaining N4, 460, 130, 797. 94 (Four Billion, Four Hundred and Sixty Million, One Hundred and Thirty Thousand, Seven Hundred and Ninety Seven Naira, Ninety Four Kobo) from the Federal Government of Nigeria under false pretence. The sum is alleged to have been fraudulently obtained as subsidy payments from the Petroleum Support Fund for the purported importation of 30.5million litres of Premium Motor Spirit from SEATAC Petroleum Limited of British Virgin Islands.

Nadabo Energy Limited, Abubakar Ali Peters, Jude Agube Abalaka and Pacific Silver Line Limited are to be prosecuted for allegedly obtaining the sum of N1, 464, 961, 978.24 (One Billion, Four Hundred and Sixty Four Million, Nine Hundred and Sixty One Thousand, Nine Hundred and Seventy Eight Naira, Twenty- Four Kobo ), being payments fraudulently received from the Petroleum Support Fund for a purported importation of 19.4million litres of Premium Motor Spirit.

Walter Agbasoma; Adaoha Ugo -Ngadi; Fakuade Babafemi Ebenezer; Ezekiel Olaleye Ejidele and Contario Oil & Gas Nigeria Limited will be arraigned for fraudulently obtaining the sum of N1, 959, 377, 542, .63 (One Billion, Nine Hundred and Fifty Nine Million, Three Hundred and Seventy Seven Thousand, Five Hundred and Forty Two Naira, Sixty Three Kobo) from the Petroleum Support Fund for a purported importation of 39.2 litres of Premium Motor Spirit.

Fago Petroleum and Gas Limited and Oluwaseun Ogunbanbo who are also charged will be docked for fraudulently obtaining the sum of N979,653,110.20 ( Nine Hundred and Seventy Nine Million, Six Hundred and Fifty Three Thousand, One Hundred and Ten Thousand Naira, Twenty Eight Kobo), from the Petroleum Support Fund for a purported importation of 33, 627, 84 litres of Premium Motor Spirit.

source: vanguard news