The Economic and Financial Crimes Commission (EFCC) on Thursday told an Ikeja High Court that an oil marketer, Oluwaseun Ogunbambo, charged with N979.6 million subsidy fraud, has fled to Canada. The EFCC disclosed this in its response to an application filed by Ogunbambo’s counsel, Mr Raphael Oluyede, before Justice Adeniyi Onigbanjo. The News Agency of Nigerian (NAN) reports that Ogunbambo […]
Ikeja – A prosecution witness, Mr. Effa Okim, has told an Ikeja High Court how an oil marketer, Abdullahi Alao, allegedly conspired with others to commit N1.1 billion fuel subsidy fraud. Okim, an investigative officer with the Economic and Financial Crimes Commission (EFCC) testified at the resumption of Alao’s trial. The accused is the son of prominent Ibadan-based businessman, Alhaji […]
EFCC Re-arraigns 3 Oil Marketers Over Alleged N789.6m Fuel Subsidy Fraud Agency Report — April 8, 2014 The Economic and Financial Crimes Commission (EFCC) on Tuesday re-arraigned three oil marketers — Adamu Maula, George Ogbonna and Emmanuel Morah — over an alleged N789.6 million fuel subsidy fraud. The marketers appeared alongside their companies — Downstream Energy Sources Ltd and Rocky […]