Lagos – The four business executives facing
charges of fuel subsidy scam to the tune of over N978 million have failed in
their application of a no-case submission.
Opeyemi Ajuayah and others, namely Majope Investment,
Abdullahi Alao, Axenergy and Olarenwaju Olalusi, had made the application to
overturn their prosecution at the Lagos State High Court on Friday.
Justice Latifah Okunnu has dealt the suspects’ hope for
freedom a major blow.
While dismissing the application, Justice Okunnu held that
the prosecution had adduced a prima-facie case against the defendants.
Also read: Nigerians react to new N145 fuel price
On the issue of wrong law as claimed by the defendants, she
said the punishment for the alleged offence of conspiracy was also within the
Advance Fee Fraud Act as a conspiracy to commit is was good as committing the
Consequently, the defendants were ordered to enter their
The defendants are standing trial on an eight-count charge
of conspiracy to obtain sum of N798, 98 million as subsidy payments for 15,2
million tons of petrol from the Federal Government.
Economic and Financial Crimes Commission allege the offence
was masterminded in 2011.
The case has been adjourned to June 24-30 for defence.
- CAJ News