BREAKING: New EFCC Boss in Court to Testify In N1.4bn Oil Fraud

The defendants had pleaded not guilty to the charge of fraud brought by the prosecution.
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Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa

We are receiving information that, Abdulrasheed Bawa, the Chairman of the Economic and Financial Crimes Commission, EFCC, appeared before an Ikeja High Court today to testify in a N1.4 billion fraud trial involving Nadabo Energy, an oil firm.

Bawa had previously appeared in court as a prosecution witness last year, before his appointment as EFCC chairman.

The EFCC had accused Abubakar Ali Peters and his company, Nadabo Energy, of obtaining N1,464,961,978.24 in oil subsidies from the Federal Government after allegedly inflating the quantity of premium motor spirit, PMS, purportedly supplied to 14,000M, using forged documents.

The defendants had pleaded not guilty to the charge of fraud brought by the prosecution.

According to Bawa's previous testimony, “the Certificate of marine insurance used by the defendant for the transaction in question was forged”.

Justice Balogun remanded the case for further proceedings on February 10, 16, 23, and March 9, 2021.

As of the time of filing this article, Bawa is still testifying in the courtroom.


Details to follow...