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Borrowers to pay more as CBN raises reserve
•Bid to strenghten Naira
Five kids die after drinking bad water
NEWS
Page 57
BUSINESS
•Women protest Shell’s activities
Page 12
www.thenationonlineng.net
VOL. 7, NO. 2197 WEDNESDAY, JULY 25, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
N150.00
N13b fuel subsidy fraud: PDP chiefs’ firms for trial PPPRA official, Akintola Williams director, 18 others in trouble
A
LL is set for the trial of the fuel subsidy fraud suspects. The Economic and Financial Crimes Commission (EFCC) yesterday said a Petroleum Products Pricing and Regulatory Agency (PPPRA) official, Fakuade Babafemi Ebenezer, a director with Akintola Williams Deliote accounting firm, Ezekiel Olaleye Ejidele and 18 others will face trial for alleged N13,403,504,083 billion fraud. The suspects will face tri-
FromYusuf Alli, Abuja
al for claiming to have imported about 237million litres of petroleum products, which the anti-graft commission could not trace. According to a statement by the Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, the suspects will face trial in Lagos courts. The commission said the 20 suspects belong to the first batch of 140 individuals and organisations being investigated over the fuel subsidy
LISTED FOR PROSECUTION INDIVIDUALS •Mamman Nasir Ali •Christian Taylor •Mahmud Tukur •Ochonogor Alex •Walter Wagbatsoma •Adaoha Ugo-Ngadi •Fakuade Babafemi Ebenezer •Ezekiel Olaleye Ejidele •Abubakar Ali Peters •Jude Agube Abalaka scam. All the 12 suspects have been detained by the EFCC in preparation for their arraignment. The anti-graft agency is liaising with the Chief Judge of
•Abdulahi Alao(Double trial) •Oluwaseun Ogunbanbo. COMPANIES •Nasaman Oil Services •Eternal Oil and Gas Plc •Ontario Oil & Gas Plc •Nadabo Energy Limited •Pacific Silver Line Limited •Axenergy Limited •Fago Petroleum & Gas Ltd
Lagos State on how a vacation judge could handle the cases. The suspects include seven companies and 13 individuals. The statement said: “The
Economic and Financial Crimes Commission, EFCC, has concluded arrangements to prosecute the first batch of 18 suspects implicated in the oil subsidy fraud. The susContinued on Page 4
Ghana President Mills dies at 68 •Mahama takes over •Jonathan, Senate, House, Tinubu, others mourn
G
HANA —and its friends— were thrown into mouning yesterday, with the sudden death of President John Fifi Attah Mills. He was 68. “It is with heavy heart that we announce the sudden and untimely death of the President of the Republic of Ghana,” a statement from the President’s office said. It said Mills died a few hours falling ill, but no further deSEE after tails were given. ALSO A presidential aide, who asked PAGES not to be named, said the Presi-
2&3
Continued on Page 4
•The late Attah Mills
PHOTO: AFP
Ibori forfeits $3m assets to US, N2.2b cash to Fed Govt From Kamarudeen Ogundele, Abuja
I
T was another bad day for ex-Delta State Governor James Ibori yesterday. Ibori, who is serving a jail term in London along with his wife, Nkoyo, his mistress and lawyer, having all been convicted of money laundering charges, forfeited $3 million assets in the United States and N2.2billion cash to the Federal Government. Assistant Attorney General Lanny A. Breuer of the US Justice Department’s Criminal Division and U.S. Immigration and Customs Enforcement (ICE) Director John Morton, announced Ibori’s forfeiture of the assets to the US government, after a judge granted a restraining order to register and enforce two orders from UK courts. The application, which was filed under seal on May 16 in U.S. District Court in the District of Columbia, sought to restrain assets belonging to Ibori and Bhadresh Gohil, Ibori’s former English solicitor, that are proceeds of corruption. Specifically, it sought to restrain a mansion in Houston, Texas and two Merrill Lynch brokerage accounts. U.S. District Judge LamContinued on Page 4
•SPORTS P24 •FINANCE & INVESTMENT P25 •LIFE P45 •POLITICS P43