BEVERLY HILLS, May 22, (THEWILL) – The
Economic and Financial Crimes Commission (EFCC)
Friday re-arraigned Opeyemi Ajuyah, Majope
Investment, Abdullah Alao, Axenergy, and
Olarenwaju Olalusi before Justice Lateefa Okunnu
of the Lagos High Court sitting in Ikeja, on eight-
count amended charge of conspiracy, forgery and
obtaining money under false pretense.
The suspects were first arraigned before the same
court for allegedly obtaining the sum of
N1,110,049,444.35 (One Billion, One Hundred and
Ten Million, Forty Nine Thousand, Four Hundred and
Forty- Four Naira, Thirty- Five kobo) fraudulently
as subsidy payments for 15,206,733 metric tons of
Premium Motor Spirit (PMS) from the Federal
Government.
At Friday’s re- arraignment, prosecuting counsel,
Seidu Atteh, brought before an amended eight-
count charge against the suspects, alleging that
they obtained the sum of N798, 984,707.35 (Seven
Hundred and Ninety Eight Million, Nine Hundred and
Eighty Four Thousand, Seven Hundred and Seven
Naira, Thirty Five kobo) from the Federal
government in unearned subsidy payments for
20,386,583 metric tons of Premium Motor Spirit
(PMS).

All the three accused persons and their companies
pleaded not guilty to the charges.
One of the charges read: “You Opeyemi Ajuyah,
Majope investment, Abdullahi Alao, Axenergy and
Olarenwaju Olalusi on or about the 18th day of April,
2011 at Lagos within the Ikeja judicial division with
intent to defraud obtained the sum of
N798,984,707.35 from the Federal government of
Nigeria by falsely claiming that the sum
represented subsidy that accrued to Majope
Investment Limited under the Petroleum Support
Fund for the importation of 20,386,583 metric tons
of Premium Motor Spirit (PMS) as discharged at
Lister terminal in Apapa, Lagos whereas you only
discharged 5,712,851 liters at the said Lister
Terminal through MT Brave daughter vessel which
representation you knew to be false and thereby
committed an offense contrary to Section 1(3) of
the Advance Fee Fraud And Other Fraud Related
Offences Act 2006″.
Ateh prayed the court to allow him recall
prosecution witnesses 1,2,3,4 and 8 while counsel
to the defendants: O. Ajanaku (1st & 2nd
defendants), Aderemi Oguntoye (3rd & 4th
defendants) and D.A Awosika (5th defendant)
requested the court to allow their clients continue
with the bail terms earlier granted them.
Consequently, Justice Okunnu granted the prayer of
the prosecution and ordered the recall of the five
witnesses as requested and allowed 1st, 2nd and
3rd defendants to continue to enjoy their bail. She
subsequently adjourned the matter to October 20;
21; 22; 27; 28, and 29, 2015 for continuation of trial.


http://www.thenigerianvoice.com/news/180175/1/n789m-subsidy-scam-efcc-re-arraigns-opeyemi-ajuyah.html

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