The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, yesterday narrated how the petitions made by the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and Falana & Falana Chambers led to the investigation of a N765.6 million subsidy fraud against the Federal Government by an oil marketer, Abubakar Ali Peters. The EFCC had charged Peters and his company, Nadabo Energy Limited on a 21-count charge bordering on obtaining money under false pretence, diversion of Federal Government funds and forgery.

The anti-graft agency alleged that the defendants obtained said sum from the Federal Government as oil subsidy using forged documents on September 26, 2011. The EFCC alleged that the defendants obtained N761,628,993.84 from the FG under the Petroleum Support Fund for the purpose of importing 16,808,064 litres of Premium Motor Spirit (PMS) but fraudulently imported only 7, 953,962 litres and diverted the rest of the product and its proceeds for personal use. However, during his further examination-in-chief as PW2 (second prosecution witness), Bawa said that the Commission received a complaint from the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, in 2015 alleging fraud in the importation of PMS by Nadabo and another petition from Falana & Falana Chambers dated January 17, 2012.

Bawa, while led in evidence by the prosecutor, S.K. Atteh said that the petitions, which also included a complaint from a…

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