Fuel subsidy fraud Archives

SUBSIDY FRAUD: Ontario Oil MD, others bag 69 years in jail

On January 27, 20175:01 amIn Newsby Emmanuel Okogba

Justice Lateefa Okunnu of an Ikeja High Court yesterday sentenced the Managing Director of Ontario Oil and Gas Limited, Mrs Adaoha Ugo-Nnadi to 10 years in prison for defrauding the Federal Government of N754 million in oil subsidy transactions.

Fuel subsidy fraud: court adjourns trial of oil marketer to March 8

On January 19, 20175:17 pmIn Newsby Emmanuel Okogba

A Federal High Court Lagos on Thursday, fixed March 8 for the continuation of trial of an oil marketer, Olaniran Ogundipe, and his company, Petroleum Broker Nigeria Ltd, over N1.3 billion alleged oil subsidy fraud.