Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


EFCC re-arraigns 2 oil marketers

03 December 2012, 16:14

Lagos - The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned two oil marketers, Oluwaseun Ogunbambo and Habila Theck, on an amended charge of N976.6 million fuel subsidy theft.

The News Agency of Nigeria (NAN) reports that the marketers were re-arraigned alongside their company, Fargo Petroleum and Gas Ltd., before Justice Adeniyi Onigbanjo of a Lagos High Court in Ikeja.

The defendants are facing a 10-count charge bordering on conspiracy, obtaining money by false pretence, forgery, uttering and use of forged documents among others.

EFCC counsel, Mr Francis Usani, alleged that the defendants conspired with one Olugbegan Adesanya (still at large) to fraudulently obtain N976.6 million from the Federal Government of Nigeria.

Usani alleged that the defendants obtained the money as subsidy payments from the Petroleum Support Fund (PSF) for the purported importation of 13.6 million litres of Premium Motor Spirits (PMS).

He said that the PMS was purportedly purchased from one Seatac Petroleum Ltd., and imported into Nigeria through MT Diplomat Ex MT Milleura.

Usani further alleged that the defendants had on Oct. 14, in Lagos, forged a document entitled Certificate of Origin, Port of Loading Antwerp, Belgium, which was used to facilitate the fraud.

Usani added that the defendants falsely claimed that the document was issued by Seatac Petroleum Ltd.

According to him, the offences contravened Sections 1, (sub-sections 1,2,3) and 8 of the Advanced Fee Fraud and other Fraud Related Offences Act, Laws of the Federation of Nigeria.

Usani also said that the offences contravened Sections 363 and 364 of the Criminal Laws of Lagos State, 2011.

The defendants, however, pleaded not guilty to the charge.

The judge ordered that the defendants should continue to enjoy the N20 million bail granted them by the court after their initial arraignment for the same offences on July 30.

The matter was adjourned till Dec. 5 for trial.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Hussain Obaro
Buhari should retain Ministry of ...

Indications has emerged in the past couple of days that the speculation of the decision of President Muhammed Buhari to appoint himself as Minister of Petroleum Resources is real.  Read more...

Submitted by
Hussain Obaro
Nigeria at 55: Can we really do w...

The singular fact that a crisis or unrest in any part of the country is directly and indirectly felt and virtually reflects on the economic and social wellbeing in another part.  Read more...

Submitted by
Martin Beck Nworah
Beware of your best friend

As an individual, I don't believe in the existence of a "best friend". Read more...

Submitted by
Peregrino Brimah
Buhari Govt inaugurates committee...

The Nigerian Defence Headquarters has inaugurated a committee to plan an amnesty for Boko Haram terrorists as ordered by President Muhammadu Buhari. Read more...

Submitted by
Peregrino Brimah
Why Jonathanians desperately want...

The lie invented described a so-called clash between Vice president Yemi Osinbajo and Kaduna Governor Nasir El-Rufai, with the Vice allegedly storming out during an alleged NEC meeting. Read more...