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VOL. 7, NO. 2198 THURSDAY, JULY 26, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
N150.00
EFCC: How 20 suspects looted N13b subsidy cash Adoke to lead team 43 witnesses set to testify Trial begins
THE ALLEGATIONS
From Yusuf Alli, Abuja
F
RESH facts emerged yesterday on how the N13.4billion fuel subsidy funds were allegedlly diverted by 20 suspects, who belong to the first batch of those to face trial. The Attorney-General of the Federation, Mr. Mohammed Bello Adoke (SAN), will lead the team, which will prosecute the 20 suspects. The trial is to begin today in Lagos. The Economic and Financial Crimes Commission (EFCC) has also lined up 43 witnesses to testify against the suspects. The companies to be charged are: Nasaman Oil Services; Eternal Oil and Gas Plc; Ontario Oil & Gas Plc; Nadabo Energy Limited; Pacific Silver Line Limited, Axenergy Limited and Fago Petroleum and Gas
•Alao...yesterday
•Ngadi...yesterday
•Taylor...yesterday
•Ali...yesterday
•Tukur...yesterday
•One of the suspects...yesterday
Limited. The individual suspects are: 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, Abdulahi Alao and Oluwaseun Ogunbanbo. Ezekiel Olaleye Ejidele is director of the accounting giant, Akintola Williams Deliote. Fakuade Babafemi Ebenezer is a member of the staff of the Petroleum Products
Pricing Regulatory Agency, PPPRA. According to some papers, including the charge sheets obtained by our correspondent and signed by Director of Prosecution, Mrs. O.O. FaContinued on Page 4
Mahama pledges stability in Ghana
G
HANAIAN President John Mahama has pledged to uphold the country’s stability. He spoke after being sworn in following Tuesday’s death of his predecessor, John Atta Mills. The opposition praised the swift transition, saying it showed Ghana was a mature democracy.
•World leaders, Tinubu hail President Mr Mahama has presided over his first cabinet meeting and paid a condolence visit to the family of the late President. Mr Mahama will be president until SEE ALSO the election in DePAGE 5 cember, but it is not
clear whether he will be the candidate of the National Democratic Congress (NDC), the ruling party. “I wish Ghanaians to be assured that all is well. We are going to maintain the peace, unity and stability that GhaContinued on Page 4
Abdulahi Alao and Axenergy Limited •On Sept. 16 obtained money by false pretence from the Federal Government, •Forged a document titled: Bill of Lading purportedly issued by Mercuria Energy Trading NV to the Order of Mercuria Trading NV on board NIPPON Princess.” Nasaman Oil Services, Mamman Nasir Ali, Christian Taylor and Olabisi AbdulAfeez •Receiving payment from the Petroleum Support Fund (PSF) for products allegedly not imported. •Between 2010 and 2012 “conspired to commit an offence to wit: obtaining N2, 230,065,398.97 under false pretence from the Federal Government purporting the said sum to be payment under the PSF as subsidy for the purported importation of Premium Motor Spirit from Europe to Nigeria. •Obtained N749, 991,273.36, “purporting the said sum to be subsidy payable to Nasaman Oil Services by the Federal Government under the PSF in respect of 10,031,986 litres of PMS, which the suspects falsely claimed to have purchased from SEATAC Petrol Limited of British Virgin Islands and allegedly imported to Nigeria through mother vessel, MV Overseas Limar and DV Liquid Fortune (the daughter vessel) and financed through Form M No. MF 124,968 and 1242965. •Obtaining N1, 480, 074, 125.61, purporting the said sum to be subsidy payment to Nasaman Oil Services by the Federal Government under the PSF in respect of 20,492,982.50 litres, which the suspects falsely claimed to have purchased from SEATAC Petroleum Limited Mahmud Tukur; Ochonogor Alex, Abdulahi Alao and Eterna Oil and Gas Plc •On April 28, obtained N338, 544,397.46 by false pretence from the Federal Government, purporting same to be payment accruing to Eterna Oil and Gas under the PSF with which they falsely claimed to have purchased 33,288,338 litres of PMS from Mercuria Energy Trading SA and imported into Nigeria through MT Fulmer, Ex MT Emirate Star and MT Panther Ex Emirate Star. .Tukur and co. •Forged a document, titled: Bill of Lading dated April 28 purporting the document to have been issued by Mercuria Energy Trading SA on behalf of Mercuria Trading NV. Continued on Page 4
•SPORTS P23 •EDUCATION P25 •POLITICS P43 •NATURAL HEALTH P45