Alleged N1.4bn Fraud: How oil company defrauded Nigerian govt 8m litres of petrol – EFCC chair - Premium Times Nigeria

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Alleged N1.4bn Fraud: How oil company defrauded Nigerian govt 8m litres of petrol – EFCC chair

, Abdulrasheed Bawa, has told the Lagos State High Court in Ikeja, how Abubakar Peters and his company, Nadabo Energy Limited, allegedly defrauded the federal government of 8 million litres of petrol under the fuel subsidy regime.

He said his firm received EFCC’s August 20, 2013 letter requesting confirmation of the authenticity of two Marine Insurance certificates. He identified some of the exhibits tendered in the case to include EFCC’s August 20, 2013 letter to Staco Insurance Plc and insurance certificate number 40016. Under cross-examination by the defence counsel, E.O. Isiramen, the witness confirmed that he had never met Abubakar Peters, the second defendant, but only had dealings with the company, Nadabo Energy Limited, the first defendant.

He testified further that the EFCC had requested the company to authenticate some documents relating to the transaction. He said, “My lord, in summary, the quantity discharged by Gotland Carolina is 7,986,355 litres and the quantity received by Songa is 7,983,150 litres.

 

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