Saturday, November 17, 2012

6 more oil marketers arrested over N23.6bn fuel subsidy fraud in Lagos

As the presidential committee on oil subsidy intensifies its investigations, another six suspected oil marketers have been arrested over the N23.6 billion scam. They are detained by detectives attached to the Special Fraud Unit (SFU), Milverton Road, Ikoyi, Lagos. The six suspects are Mr. Odjegba Onoriode (managing director, Eurafric Coastal Services), Mr.Ejiofor Innoma Chikadibia (group managing director, Caades Oil & Gas Ltd), Mr. Sowami Abuwasin Olatunde (managing director/CEO, Prudent Energy & Services Ltd), Mrs. Gladys Amaefule (managing director, Somerset Oil & Gas Ltd), Mallam Bashir Adamu Gusau (managing director, Imad Oil & Gas Ltd) and Sir. Daniel Chikwudozie (managing director, Dozzy Oil & Gas Ltd). In a statement, Police Public Relations Officer, SFU, Ikoyi, Lagos, Ngozi Isintume-Agu, Assistant Superintendent of Police (ASP), gave the  breakdown of the N23.6 billion scam as Eurafric Coastal Services Ltd collecting N6.130 billion for 85.519 million litres of fuel imported between November 2010 and 2011, while Caades Oil & Gas got N9.936 billion for 13.501 million litres of Premium Motor Spirit (PMS) imported in December 2011 in two separate transactions. It was gathered Prudent Energy & Services Ltd based on a single importation of 18, 316, 767 million litres of PMS obtained N1.36 billion. Somerset Oil & Gas Ltd, in its own case, collected a total subsidy of N2.690 billion for 40.165 million litres of PMS imported in two transactions. Imad Oil & Gas Ltdreceived N2.760 billion based on 55.426 million litres of PMS imported in three separate transactions, while Dozzy Oil & Gas Ltd collegotN1.773 billion for a single transaction on July 7, 2011. The SFU spokesperson, who confirmed that the arrest of the suspects, said investigation into the matter was still ongoing and assuried that the suspects would soon be taken to court for trial.

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