Courts to rule on oil subsidy scam

ABUJA, (CAJ News) – A  court is on Friday to deliver judgment on a N1,05 billion (US$3,42 million) subsidy fraud suit instituted against two directors of oil marketing companies.
The Economic and Financial Crimes Commission (EFCC) wants executives Saminu Rabiu and Jubril Rowaye prosecuted for the alleged corruption.
Rabiu and Rowaye , directors of Alminnur Resources Limited and Brilla Energy Limited respectively, were arraigned in October 2012 on a 17-count charge of conspiracy and fraud.
The duo was accused of fraudulently using their companies to obtain the funds from the Petroleum Support Fund as payment for importation of 10 000 tonnes of petroleum.
They at various times allegedly forged different bills of lading for oil that was not supplied in a bid to claim the subsidy on fuel.
The case went to trial after the two oil marketers pleaded not guilty to the charge.

CAJ News

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