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N789.6m subsidy scam: Court rules Nov 17

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By Abdulwahab Abdulah, Bartholomew Madukwe & Jane Echewodo

Lagos—Justice Lateefa Okunnu of an Ikeja High court yesterday fixed November 17 to deliver ruling on the no-case submission filed by three oil marketers charged with N789.6 million fuel subsidy fraud.

The presiding Judge fixed the date after conclusion of submissions from the accused persons counsel, Prof. Alfred Kasumu (SAN), Mr Abubakar Shamsudeen and Mr Eubena Ahmedu and that of the prosecution counsel, Mr Rotimi Jacobs (SAN) who represented the Economic and Financial Crimes Commission, EFCC.

The marketers; Adamu Maula, George Ogbonna and Emmanuel Morah are accused alongside their companies – Downstream Energy Sources Ltd. and Rocky Energy Ltd.

They were re-arraigned on April 1,2014 on an amended 26-count charge bordering on conspiracy, obtaining money by false pretences, forgery, uttering and use of false documents.

The EFCC alleged that the defendants did not import the 10,862 metric tonnes of Premium Motor Spirit (PMS) for which they received subsidy payment from the Federal Government.

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