• Home
  • Featured
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Crime
  • More
    • Celebration
    • Interviews
    • Health
    • Investigations
    • Metro
    • The Parliament
    • Opinion
    • TGN Award Night
    • Religion
    • Security
    • Sports
    • Technology
    • World

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Nigerians Hail Supreme Court For Suspending Friday’s Deadline of Using Old Banknotes

February 9, 2023

Fayemi at 58: From Eminence To Pre-minence

February 9, 2023

Sokoto Deputy Governor Dumps PDP,  Senatorial Ticket As Buhari Is Set To Welcome Him Into APC

February 9, 2023
Facebook Twitter Instagram
Trending
  • Nigerians Hail Supreme Court For Suspending Friday’s Deadline of Using Old Banknotes
  • Fayemi at 58: From Eminence To Pre-minence
  • Sokoto Deputy Governor Dumps PDP,  Senatorial Ticket As Buhari Is Set To Welcome Him Into APC
  • Earthquake Death Toll In Turkey, Syria Hits 15,000
  • 390 Inmates Remove From Death Row In Zambia
  • I’ll Work for Betterment of Nigerian Workers – New NLC President 
  • Ex-Perm Sec, To Spend Five Years In Prison As ICPC Secures Conviction Over N160m Fraud 
  • Cash Scarcity: Ogun Assures Bankers, Others Of Adequate Security; Wants Banks, Financial Institutions Reopened 
Facebook Twitter Instagram YouTube
The Gazelle NewsThe Gazelle News
  • Home
  • Featured
  • News
    Featured

    Nigerians Hail Supreme Court For Suspending Friday’s Deadline of Using Old Banknotes

    By Soffiyyah OlamideFebruary 9, 20230
    Recent

    Nigerians Hail Supreme Court For Suspending Friday’s Deadline of Using Old Banknotes

    February 9, 2023

    Earthquake Death Toll In Turkey, Syria Hits 15,000

    February 9, 2023

    390 Inmates Remove From Death Row In Zambia

    February 9, 2023
  • Politics
    Featured

    Sokoto Deputy Governor Dumps PDP,  Senatorial Ticket As Buhari Is Set To Welcome Him Into APC

    By Soffiyyah OlamideFebruary 9, 20230
    Recent

    Sokoto Deputy Governor Dumps PDP,  Senatorial Ticket As Buhari Is Set To Welcome Him Into APC

    February 9, 2023

    I’ll Work for Betterment of Nigerian Workers – New NLC President 

    February 9, 2023

    Sanwo-Olu Increases Sanitation Workers’ Salary By 25%; Sweepers Display PVCs In Show Of Support, Readiness To Vote 

    February 8, 2023
  • Business
    Featured

    Cash Scarcity: Ogun Assures Bankers, Others Of Adequate Security; Wants Banks, Financial Institutions Reopened 

    By Soffiyyah OlamideFebruary 8, 20230
    Recent

    Cash Scarcity: Ogun Assures Bankers, Others Of Adequate Security; Wants Banks, Financial Institutions Reopened 

    February 8, 2023

    NSIP: Humanitarian Ministry Registers 1.6m Beneficiaries on e-Naira Platform

    February 8, 2023

    LIRS, FIRS Sign Pact On Exchange Of Information, Joint Tax Audit

    February 6, 2023
  • Entertainment
    Featured

    Grammy Awards! Mixed Fortunes For Nigeria: Tems Wins, Burna Boy Loses         

    By Soffiyyah OlamideFebruary 6, 20230
    Recent

    Grammy Awards! Mixed Fortunes For Nigeria: Tems Wins, Burna Boy Loses         

    February 6, 2023

    Leaked Sex Tape: Court Awards N5m Damages Against Singer Oxlade; Says His Action Is Despicable, Horrendous, Distasteful, Classless

    February 3, 2023

    ArtsForChange Talent Competition’s Winner Emerges

    January 30, 2023
  • Education
    Featured

    Lagos Teachers Go Digital, Adopt Wikipedia In Classrooms

    By Soffiyyah OlamideFebruary 8, 20230
    Recent

    Lagos Teachers Go Digital, Adopt Wikipedia In Classrooms

    February 8, 2023

    FG Approves Hijab For Female Students Of 112 Unity Colleges

    February 8, 2023

    Yinka Egbeyemi-inspired Agege Molebi Forum Distributes 12,000 Free Exercise Books, Pens To Pupils Of 12 Primary Schools In Agege

    February 4, 2023
  • Crime
    Featured

    Ex-Perm Sec, To Spend Five Years In Prison As ICPC Secures Conviction Over N160m Fraud 

    By Soffiyyah OlamideFebruary 9, 20230
    Recent

    Ex-Perm Sec, To Spend Five Years In Prison As ICPC Secures Conviction Over N160m Fraud 

    February 9, 2023

    Contempt: Bawa Must Go To Kuje Prison First, Senior Lawyer Olanipekun Insists; IGP Receives Order To Arrest EFCC Boss 

    February 8, 2023

    Kogi Gov’s Nephew Docked for N3bn Fraud, Remanded in Prison

    February 8, 2023
  • More
    • Celebration
    • Interviews
    • Health
    • Investigations
    • Metro
    • The Parliament
    • Opinion
    • TGN Award Night
    • Religion
    • Security
    • Sports
    • Technology
    • World
The Gazelle NewsThe Gazelle News
Home»Crime»N1.4bn Oil Fraud: Court Warns Nadabo Energy Boss’ Counsel Over Absence, Adjourns Till Jan 25
Crime

N1.4bn Oil Fraud: Court Warns Nadabo Energy Boss’ Counsel Over Absence, Adjourns Till Jan 25

The Gazelle NewsBy The Gazelle NewsJanuary 25, 2022No Comments4 Mins Read
EFCC
Share
Facebook Twitter LinkedIn Pinterest Email

The ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for an alleged N1.4billion fraud, before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja, Lagos was stalled on Monday, January 24, 2022, as the counsel for the defendant, Abbas Oyeyemi, told the Court that the defence could not continue with the cross-examination of Abdulrasheed Bawa, Chairman of the Economic and Financial Crimes Commission, EFCC, who is testifying as the prosecution’s fifth witness.

Abubakar and his company are being prosecuted by the EFCC on a 27-count charge for allegedly using forged documents to obtain N1,464,961,978.24 from the Federal Government as oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit, PMS, purportedly imported and supplied by the company.

One of the counts reads: “Nadabo Energy Limited and Abubakar Ali Peters, on or about the 3rd day of April, 2012 at Lagos within the Lagos Judicial Division with intent to defraud, fraudulently obtained the sum of N978,401,732.09 (Nine Hundred and Seventy-eight Million Four Hundred and One Thousand Seven Hundred and Thirty-two Naira Nine Kobo) from the Federal Government of Nigeria by falsely claiming that the sum represented subsidy accrued to Nadabo Energy Limited under the Petroleum Support Fund for the importation of 19,488,992 litres of Premium Motor Spirit  (PMS) which Nadabo Energy Limited purported to have purchased from Ashland SA Geneva Switzerland, and transported the 19,488,992 litres of PMS through MT American Express  (Mother Vessel) and MT. St. Vanessa  (Daughter Vessel) to Nigeria, whereas Nadabo Energy Limited only imported 6,505,140.04 litres of PMS to Nigeria through MT Evridiki (Mother Vessel) and MT St Vanessa  (Daughter Vessel).”

Another count reads: “Nadabo Energy Limited and Abubakar Ali Peters, on or about the 25th day of October 2011 at Lagos within the Lagos Judicial Division with intent to defraud and in order to facilitate your obtaining money by false pretence from the Federal Government of Nigeria under the Petroleum Support Fund  (PSF) forged a document titled: Certificate of Marine Insurance no. 0047851 and purported the Marine Insurance certificate to have been issued by Staco Insurance Plc to Nadabo Energy Limited.”

He pleaded “not guilty” to the charges.

At the last sitting on December 20, 2021, Bawa, who was led in evidence by the prosecuting counsel, S.K. Atteh, had concluded his examination-in-chief.

Following the conclusion of his testimony, the Court ordered the defence counsel, E.O. Isiramen, to commence the cross-examination of the defendant, which he did.

Afterwards, Justice Balogun adjourned till today, January 24, 2022 for further cross-examination.

However, at today’s proceeding, Isiramen was not in Court, as the defendant was represented by Oyeyemi, who told the Court that he held the brief of J.B. Daudu, SAN.

“We are not ready to proceed with the cross-examination as the defendant’s counsel is acting on the instance of the defendant and can’t continue with the cross-examination,” he said.

Oyeyemi further hinged his inability to continue with the cross-examination on the argument that the defence was yet to have the Certified True Copy, CTC, of the court’s proceedings.

“We have applied for the record of proceedings containing the testimony of the prosecution witness since 20th December 2021.

“However, we have been unable to procure the record,” he said.

In response, Atteh described the action of the defence as an attempt ” to just frustrate the trial”,  adding that the witness had been testifying since June 3, 2015.

He added: “There is no single document that the prosecution has not frontloaded, and provided for the defence.

“Moreover, the defence counsel is supposed to have his own record.”

Thereafter, Justice Balogun, while adjourning till January 25, 2022 for continuation of hearing, added that, “it is noted that Isiramen had even commenced cross-examination on that day and he is fully aware of today’s date for continuation of cross-examination.

“Moreover, all documents tendered were already in the possession of the defendant.

“It is obvious that the defendant counsel has everything.

“However, this Court shall grant the defence one last chance to continue the cross-examination of the witness who is the Chairman of the EFCC and had to travel to Lagos to continue to be cross-examined.

“The Registrars of this Court have already been directed to release to the defence counsel whatever they require.

Related

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
The Gazelle News
  • Website

Related Posts

Nigerians Hail Supreme Court For Suspending Friday’s Deadline of Using Old Banknotes

February 9, 2023

Earthquake Death Toll In Turkey, Syria Hits 15,000

February 9, 2023

390 Inmates Remove From Death Row In Zambia

February 9, 2023
Don't Miss
Money

Nigerians Hail Supreme Court For Suspending Friday’s Deadline of Using Old Banknotes

By Soffiyyah OlamideFebruary 9, 20230

By Abimbola Ogunnaike Nigerians have hailed the verdict of Supreme Court for temporarily suspending Friday’s…

Fayemi at 58: From Eminence To Pre-minence

February 9, 2023

Sokoto Deputy Governor Dumps PDP,  Senatorial Ticket As Buhari Is Set To Welcome Him Into APC

February 9, 2023

Earthquake Death Toll In Turkey, Syria Hits 15,000

February 9, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Most Viewed Posts
  • APO Press Releases
  • How Olori Ajoke Found A New Life Outside Oyo Kingdom
  • Wig-wearing Women to pay Tax
  • Exclusive: Drama At GAC Meeting As ex-Dep Gov, Senator, Others Tackle Speaker Over Alleged Attempt To Impose LG Chairmanship Candidates 
  • After DNA Tests Proved All Three Children Were Not His, ex-Aston Villa Striker Regains Possession Of 7-bedroom Mansion From ex-Wife
About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: tgnews2013@gmail.com
Contact: +234-802-304-5855

Most Viewed Posts
  • APO Press Releases Views: 50555 August 27, 2020
  • How Olori Ajoke Found A New Life Outside Oyo Kingdom Views: 42232 November 5, 2020
  • Wig-wearing Women to pay Tax Views: 37035 September 5, 2020
  • Exclusive: Drama At GAC Meeting As ex-Dep Gov, Senator, Others Tackle Speaker Over Alleged Attempt To Impose LG Chairmanship Candidates  Views: 28745 May 25, 2021
Search
New Comments
    Facebook Twitter Instagram Pinterest
    • Home
    © 2023 The Gazelle News. Designed by DeedsTech.

    Type above and press Enter to search. Press Esc to cancel.

    Please wait...

    Subscribe to our newsletter

    Want to be notified when our article is published? Enter your email address and name below to be the first to know.
    SIGN UP FOR NEWSLETTER NOW