The ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for alleged N1.4billion fraud, before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja, Lagos continued on Tuesday, March 29, 2022, with the cross-examination of the fifth prosecution witness, PW5, Abdulrasheed Bawa, Chairman of the Economic and Financial Crimes Commission,( EFCC.)
The EFCC is prosecuting Abubakar and his company on a 27-count charge for allegedly using forged documents to obtain the sum of 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.”
Sambo commends Bello- Koko over NPA’s revenue increase
“The Muhammadu Buhari- led administration was quite elated with Bello -Koko and his management team for their efforts at resuscitating and boosting the economy, especially the Gross Domestic Product ( GDP) which has cushioned the effects of the resources of the nation that have nosedived as a result of the fall in the prices of crude oil”
Sambo also solicited further cooperation from other relevant stakeholders, while assuring them and the maritime community of the readiness of the government to provide the enabling environment and support to make the industry thrive and attract foreign investments.
According to him, the Lekki Deep Seaport and the recently approved Badagry Deep Sea Port would create an avenue for jobs for Nigerians, encourage trade and investments and further boost revenue generation for the country.
The Minister further called on his host to ensure the full implementation of barge operations at the Ports to further facilitate the movement of goods from the seaports.
” We are ready to assist you in ensuring that the use of barges is fully implemented in your operations.
Earlier, Bello Koko informed his guests of his management’s resolve to further position the nation’s sea ports in line with International best practices.
He appreciated the efforts of the Ministry in providing support to the Authority at all times, whilst soliciting assistance in other areas of operations.
The NPA MD assured the Minister and his team that the present management under his watch would ensure that operations of its services are further improved upon in view of the constant global competitiveness towards attaining a hub status within the sub-Sahara Africa.
Koko stated that NPA has begun the process of acquiring additional tug boats and pilot cutters for its officials to facilitate the operations.
Transport Minister collaborates with army, others to secure release of 23 remaining Abuja-Kaduna train attack victims
Yusuf said that the hostages were released at about 4 pm on Wednesday.
He said that the committee took custody of the victims who were kidnapped by Boko Haram terrorists during an attack on a moving passenger train in Kaduna on March 28, 2022.
The terrorists, who attacked the AK9 Train in Kaduna, had before now released hostages piecemeal with the last release being on August 19, 2022.
Distraught family members had protested several times to demand the release of their loved ones.
Worried about the situation, the Nigeria Railway Corporation temporarily suspended activities, with President Muhammadu Buhari directing security agencies to rescue the victims after he met their families.
The Minister of Transportation, Mu’azu Sambo, had said the Abuja-Kaduna rail line will not resume until all those kidnapped by bandits in March are rescued and reunited with their families.
A terrorist negotiator, Tukur Mamu, was on September 6, 2022, arrested in Cairo, Egypt while on his way to Saudi Arabia and returned to Nigeria the next day.
The Department of State Services had alleged that Mamu, who negotiated between terrorists and families of kidnap victims, was part of an international terrorist network and used the cover of journalism to perpetrate his deeds.
Popular Kaduna-based Islamic cleric, Sheikh Ahmad Gumi, to whom Mamu is an aide, had faulted the arrest of Mamu.
Gumi had asked the security agency to charge Mamu to court if it had any evidence against him, rather than keeping him in custody.
But the DSS, in its reaction, said it would not be distracted by some skewed narratives in the media and requested to be left alone to concentrate on the ongoing investigations, the outcomes of which it said have remained ‘mind boggling’.
Eyewitness Lens! NPA celebrates global Customer service week(Photo)
(6 th left)), Executive Director, Finance and Administration, Adenrele S. Adesina
(5 th left)), the General Manager, SERVICOM, Shehu Musa Yaro (4 th left) and
other senior officers of the NPA during the celebration of 2022 global
Customer Service Week at the NPA headquarters in Lagos.
(5 th left)), Executive Director, Finance and Administration, Adenrele S. Adesina
(6 th left)), the General Manager, SERVICOM, Shehu Musa Yaro (4th left) and
officers of the SERVICOM department during the celebration of 2022
global Customer Service Week at the NPA headquarters in Lagos.
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