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Nairaland Forum / Nairaland / General / Politics / Oil Subsidy Trial Resumed Today. (472 Views)
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Oil Subsidy Trial Resumed Today. by Chilexm: 9:09pm On Sep 16, 2014 |
Lagos - The trial of the alleged oil subsidy fraud suspects resumed today at the Lagos High Court after months of suspension following the annual vacation holiday by the Lagos Judiciary. Ope Yemi Ajuyah and her company, Majope Investment Ltd, are on trial for defrauding the Federal Government of about N1.1 billion through scheme. The Economic and Financial Crimes Commission (EFCC) is seeking the prosecution of co-suspects, including oil marketer, Abdullahi Alao and Olanrewaju Olalusi, a staff of Sterling Bank Plc. At the resumption of proceedings of the trial before Justice Lateefat Okunnu, counsel to Ajuyah, Olarenwaju Ajanaku rejected the claim by the EFCC that his client conspired with others to divert over 10 000 metric tonnes of premium motor spirits. An EFCC investigator, Effa Okim, had in May testified that the defendants had claimed that they imported 15 000 metric tonnes of PMS and thereafter collected subsidy payment. Okim said investigations by the EFCC showed that the vessel, MT Brave, only discharged 4 264 metric tonnes at the Lister Jetty in Apapa, while the remaining product was diverted to an unknown destination. He said Majope Investment Ltd. later obtained a subsidy payment for 15 000 metric tonnes from the Petroleum Support Fund for the said transaction. However, under-cross examination by Ajanaku, Okim admitted that an independent auditor, Ezekiel Ejidele, who supervised the transaction, admitted that 15,000 metric tonnes were discharged. Addressing the witness, he argued that the EFCC failed to do a thorough investigation of the transaction and tendered Ejidele's statement to the commission which was admitted as exhibit by the court.... For full story click www.inspillex..com |
Re: Oil Subsidy Trial Resumed Today. by egift(m): 9:18pm On Sep 16, 2014 |
Anti-Corruption under Jonathan is a laughing stock. 3 Likes |
Re: Oil Subsidy Trial Resumed Today. by Nobody: 9:26pm On Sep 16, 2014 |
@Topic Na today Jonathan is a joke.........All manners of looters,terrorists and arsonists are just poking fun at the Nation 1 Like |
Re: Oil Subsidy Trial Resumed Today. by Mckennedy: 11:16pm On Sep 16, 2014 |
I lost a son coz of fuel subsidy what a sad thing how Naija and subsidy matter is going..too too bad. |
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