- The EFCC has arraigned two marketers for allegedly stealing $$8.4m worth of Automotive Gas Oil (AGO) from a company, Nadabo Energy Limited
- The suspects, arraigned alongside five other firms, were arraigned on three counts of conspiracy, stealing and receiving stolen property
- An EFCC prosecution witness, Emefun Etudo, confirmed that the script for the crime was executed by the defendants to the letter
An Economic and Financial Crimes Commission (EFCC) prosecution witness, Emefun Etudo, on Monday, December 11, narrated before a special offences court how two oil marketers, Osahon Asemota and Yusuf Kwande, allegedly connived to steal Automotive Gas Oil (AGO) worth $8.4m said to belong to one Nadabo Energy Limited.
The suspects were arraigned with five companies- Trafigura Beheer BV, Trafigura PTE Limited, Mettle Energy and Gas, Rembrandt Limited and Jil Engineering and Oil Services Limited for reportedly stealing 6.4m metrics tonnes of AGO worth $8.4m, Punch reports.
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The oil marketers were arraigned on three counts of conspiracy, stealing and receiving stolen property before the presiding judge, Justice Mojisola Dada.
It is charges, the anti graft agency accused the defendants of fraudulently converting 6.4 million metric tonnes of AGO at the office of Trafigura Beheer BV located at 20A Sinaro Daranijo Street, off Ligali Ayorinde Street, Victoria Island, Lagos.
Moreover, the EFCC's lawyer, Rotimi Jacobs (SAN), said that the stolen AGO worth $8,442,806.094, was a property of Nadabo Energy Limited kept in the legal custody of a new generation bank on Victoria Island.
Etudo, led in evidence by Jacobs, revealed that the script to steal the 6.4 metric tonnes of AGO was well acted and executed by all the defendants.
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The witness told the court that he had acted as a solicitor to Trafigura and was deceived by Asemota to believe that the product inside the cargo was contaminated while acting as his client.
He added that the cargo was not contaminated as claimed by Rendbrant Limited, adding that the claim was a lie concocted to deceive Nadabo Energy Limited and the bank.
Meanwhile, Legit.ng reported that the federal government said oil marketers would be paid N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on Friday, December 14.
The chief operating officer, Nigerian National Petroleum Corporation (NNPC) Downstream, Henry Ikem-Obih disclosed this to newsmen in Abuja on Saturday, December 8.
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Source: Legit.ng
