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

Jan. 24, 2022

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 EFCC, who is testifying as the prosecution’s fifth witness.

In a statement by the Commission on Monday, 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.

“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.