The Economic and Financial Crimes Commission has arraigned Petro Union Oil and Gas Limited and its four directors over an alleged $2bn fraud.
The EFCC, in the charges, alleged that the defendants “fraudulently procured a Barclays Bank cheque, dated 29th December 1994 in the sum of £2,556,000,000.00 made payable to Gladstone Kukoyi and Associates, purporting the said cheque to be meant for foreign investment in the construction of three refineries and a petrochemical complex in Nigeria, when you knew that the said cheque to be false.
According to him, the defendants acted contrary to Section 1 of the Miscellaneous Offences Act, Laws of the Federation of Nigeria, 1990 and were liable to be punished under same law. The suspects were apprehended at Alafara area of Ibadan, the Oyo State capital, following earlier intelligence gathered by the commission.
officialEFCC Omo,this story loud o 😳 , but it’s incomplete to me as none of the directors were interviewed,their side of the story is needed to complete it. But o loud 🤯