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ALLEGED N978.4M OIL FRAUD: COURT REMANDS NADABO ENERGY BOSS, ABUBAKAR ALI PETERS IN PRISON CUSTODY

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5 years ago

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Justice Christopher A. Balogun of the State High Court sitting at the
Tafawa Balewa Square, TBS, Onikan, Lagos, on Wednesday, September 25,
2019, remanded Abubakar Ali Peters, Chairman, Nadabo Energy Limited, in
prison for plotting to evade trial and abscond from the country.

Peters is standing trial on a 27-count charge bordering on obtaining by
false pretence, forgery and use of forged documents to the tune of N978,
401, 732, 09(Nine Hundred and Seventy-eight Million, Four Hundred and
One Thousand, Seven Hundred and Thirty-two Naira, Nine Kobo (N978, 401,
732, 09) brought against him by the Economic and Financial Crimes
Commission, EFCC.

The defendant allegedly defrauded the Federal Government of the said sum
of money by supplying 6, 505,140. 04 litres of Petroleum Motor Spirit,
PMS, instead of 19,488, 992 litres, being the quantity he was contracted
to supply.

The defendant also allegedly forged the documents that were used to
procure the product in order to conceal the exact amount he paid for it
and receive in excess money for the product supplied.

At the resumed sitting today, the defence counsel, Emefo Etudo, sought
to withdraw from the case on the grounds that his client was planning to
jeopardize the case and abscond from the country.

Etudo, in a sworn affidavit, also told the court he urged his client to
pay back the money upon realizing that he had defrauded the Federal
Government.

“My Lord, he agreed to pay the money and subsequently made some
payments.

“He, however, stopped at some point.

“He also informed me of his plans to abscond from the country without
paying back in full the money he obtained under false pretence,” Etudo
stated.

The defense counsel, in his further submission, told the court that his
client was planning to frustrate a similar case after receiving money
from parties involved.

” My Lord, my client forged his signature on the Corporate Affairs
Commission, CAC, documents and gave damaging false information about me
and other lawyers involved in the case.

“He is involved in three oil subsidy cases, although the EFCC is only
aware of two of them.

“The total money belonging to the Federal Government of Nigeria, which
was siphoned abroad, is about N2billion,” he further told the court.

The defense counsel, therefore, urged the court to permit him to
withdraw from the case, saying “the defendant is a threat to national
security and will abscond if he continues on the bail he was granted by
the court.”

The prosecution counsel, S.K. Atteh, did not oppose the prayers of the
defence counsel.

Justice Balogun granted the defence counsel leave to withdraw from the
case based on the serious allegations levelled against his client.

The Judge also vacated all the undertakings made on behalf of the
defendant by the counsel’s law firm since he could no longer assure the
court that he is in a position to produce the defendant at his trial.

Consequently, Justice Balogun remanded the defendant in prison custody
and adjourned the case to October 15, 2019 for continuation of hearing.

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Society

Just In: Court Grants Ex-Taraba Governor Darius Ishaku ₦150m Bail

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2 mins ago

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October 3, 2024

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The Federal Capital Territory (FCT) High Court has granted former Taraba State Governor, Darius Ishaku, bail to the tune of ₦150 million with two sureties in the same amount.

 

 

Ishaku, who governed Taraba State from May 2015 to May 2023 under the Peoples Democratic Party (PDP), was arraigned by the Economic and Financial Crimes Commission (EFCC) on a 15-count charge of criminal breach of trust, conspiracy, and misappropriation of public funds totaling ₦27 billion.

 

 

 

Justice Sylvanus Oriji imposed strict conditions on Ishaku’s bail including two sureties, each resident in Abuja, with verified house addresses; one surety must be a director in the Federal Civil Service; ₦150 million bail bond.

 

 

 

Ishaku and co-defendant, Bello Hero, have also been barred from leaving the country without court permission.

 

 

The EFCC, represented by Rotimi Jacobs, did not oppose Ishaku’s bail request, citing his previous compliance with administrative bail.

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Society

Amen Estate Saga: Babatunde Gbadamosi Drags Ex wife To The Cleaners!! …… Revealed how her four marriages to different men hit the rock.

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31 mins ago

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October 3, 2024

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Amen Estate Saga: Babatunde Gbadamosi Drags Ex wife To The Cleaners!! .

The politician escalates his media feud with ex-wife Sade Balogun, accusing her of marital misconduct in a cryptic post on X.

 

 

The ongoing media feud between Babatunde Gbadamosi and his ex-wife, Sade Balogun, shows no sign of slowing down as the former Lagos gubernatorial candidate aired personal grievances via a cryptic message on his X (formerly Twitter) account.

 

In the post, Gbadamosi detailed aspects of Sade’s past marriages, questioning her role in the breakdown of her relationships with four different husbands, including himself.

In the now viral post, Gbadamosi referenced her previous marriages, claiming that her first husband was abandoned at Heathrow Airport following a quarrel before she left Nigeria.

He also alleged that she carried another man’s pregnancy into her second marriage, and that her third husband ended up in a mental institution after discovering her with a pastor.

Gbadamosi, who was her fourth husband, expressed frustration over what he described as “21 years of constant strife,” which ultimately led him to marry another woman in search of peace.

 

He further accused her of sitting on a “globally known brand” that he created, through what he described as “diabolical means.”

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Babatunde Gbadamosi ex-wife media feud

Babatunde Gbadamosi ex-wife media feud

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Society

Nigeria @64: Oando Boss, Wale Tinubu Urges Nigerians to work together 

Published

2 days ago

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October 1, 2024

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As Nigeria celebrates her 64th Independence anniversary, the Group Chief Executive of Oando group, Mr. Wale Tinubu, has enjoined the citizens to work together for the growth of the country.

 

In a statement posted on his social media handles, Mr. Tinubu wrote:

 

 

‘’Stitch by Stitch, We Weave Our Nation’s Tapestry.

 

 

 

 

As we celebrate Nigeria’s 64th Independence Day, we reflect on the journey that has brought us this far. Like a tapestry woven with care and precision, our nation is a beautiful blend of diverse cultures, resilient spirits, and bold aspirations.

 

 

 

Today, we honour the past, celebrate the present, and look forward to a future filled with promise. Let us continue to work together, stitch by stitch, building a nation that is vibrant, inclusive, and unafraid to dream big.

 

 

 

Happy Independence Day, Nigeria!

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