Hello 

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 3 oil marketers

21 February 2013, 16:11

Ikeja - The Economic and Financial Crimes Commission (EFCC), on Thursday re-arraigned three oil marketers, Ifeanyi Anosike, Emeka Chukwu and Ngozi Ekeoma, charged with alleged N1.5 billion fuel subsidy fraud.

The marketers were re-arraigned alongside their firms-- Dell Energy Ltd. and Anosyke Group of Companies, before Justice Adeniyi Onigbanjo of a Lagos High Court in Ikeja.

The defendants are facing an eight-count charge, bordering on conspiracy, obtaining money by false pretences, forgery and uttering.

The News Agency of Nigeria (NAN) reports that the defendants were earlier arraigned on Oct.5, 2012, before Justice Habeeb Abiru, who has now been elevated to the Court of Appeal.

They had pleaded not guilty to the charges and Abiru granted them bail each in the sum of N75 million, with two sureties each in like sum.

During Thursday's proceedings, EFCC counsel, Mr Tayo Olukotun, informed the court of the development and asked that the defendants should be ordered to re-take their pleas.

Olukotun alleged that the defendants had between March 2011 and January 2012 in Lagos, fraudulently obtained the sum of N1.5 billion from the Federal Government.

He alleged that they obtained the money from the Petroleum Support Fund for the purported importation of 15, 000 metric tonnes of Premium Motor Spirit (PMS) from Europe.

The prosecutor also accused them of forging documents, including bill of lading, certificate of quantity, certificate of origin and cargo manifest, which they allegedly used in facilitating the fraud.

Olukotun said that their offences contravened Sections 1 (1), (2),(3) and 8 of the Advanced Fee Fraud and Other Related Offences Act, Laws of the Federation of Nigeria 2006.


He said that, it also contravened Sections 363 and 364 of the Criminal Code, Laws of Lagos State, 2003.


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

Their counsel, Messrs Monday Udoh, Ehiogie West-Idahosa and M.C. Barkin, in an oral application, urged the court to allow the defendants enjoy the bail condition earlier granted them by Abiru.

The judge acceded to their request and adjourned the matter to July 3 for commencement of trial.

NAN

NEXT ON NEWS24 NIGERIAX

Read News24’s Comments Policy

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Lip of Truth
Aso Rock: Dealing with the Pentec...

The Presidential election is over and a new tenant will occupy Aso Rock. He must deal with the Pentecostal Pastors, who often parade the villa for personal profit. Read more...

Submitted by
Samuel Ufot Ekerere
Choice: Becoming a success or bec...

In todays fast pace rat raced society, we find ourselves in a persistent pursuit for the things that we hope can offer us a better comfortable life than we have being used to. Read more...

Submitted by
Markjackson Dumani
Loans: What we need to know

Almost every research on small scale business is with the cliche; inadequate capital or lack of finance for start ups and for expansion of a business. Read more...

Submitted by
Markjackson Dumani
Systemic corruption and the way f...

The socio-political system of a place like that of human biology is self-regulating. That is, they are self-correcting through feedback. Read more...

Submitted by
Hussain Obaro
Fire fighting in Nigeria: A natio...

Almost 10 years ago, I was an undergraduate of the University of Ilorin when a fire incident occurred very close to my off-campus residence. Read more...

Submitted by
Chigozie Alamezie
Who is a true statesman, Jonathan...

Yet the fact remains that it is not so much about how one cry for change, as it is about how one reacts, (accepts and responds) to change. Read more...