The Economic and Financial Crimes Commission, EFCC on August 3, 2012 arraigned Jonathan Udeagbala and his company, Lynq Communications Limited before Justice B. O Oluwayemi of the Lagos High court, Igbosere on a four count charge bordering on stealing, obtaining by false pretence and issuing dud cheques.
One of the charges read: "that you, Jonathan Udeagbala and Lynq communications Ltd, between September, 2009 and September, 2010 at Lagos within the Lagos Judicial Division, with intent to defraud, stole by fraudulently converting to your own use, the aggregate sum of N106, 250,000 (one hundred and six million, two hundred and fifty thousand naira) properties of Victory Electronics Company Limited and Fakwe Investments Limited".
When the two charges were read to Udeagbala and his company, he pleaded not guilty to them.
Justice Adeniyi Onigbanjo of the Lagos High Court on Wednesday August 1, 2012 ruled that Oluwaseun Ogunbambo, one of the suspects implicated in the multi-billion naira fuel subsidy fraud, be remanded in prison custody and ordered accelerated hearing of the case. The judge dismissed Ogunbambo’s bail application on the grounds of his criminal antecedent, which cast serious doubt on the chances of his being available for trial if granted bail.
Ogunbambo was arraigned on Monday July 30, 2012 alongside Habila Theck and Fargo Petroleum Gas Limited on a 6 counts charge for conspiring to obtain the sum of N976, 653,110.28 (nine hundred and seventy six million six hundred and fifty three thousand one hundred and ten naira twenty eight kobo) from the federal government of Nigeria by falsely representing that the said sum was accrued subsidy for the importation of 13,627,084 litres of petroleum motor spirit. They were also accused of forgery and use of false document contrary to section 364 of the Criminal Laws of Lagos State of Nigeria.
The Economic and Financial Crimes Commission, EFCC, on Wednesday, August 1st, 2012, arraigned five fresh suspects implicated in the fuel subsidy scam at a Lagos High Court sitting in Ikeja presided over by Justice Habeeb Abiru. The five suspects: Walter Wagbatsoma, Adaoha Ugo – Ngadi; Fakuade Babafemi Ebenezer; Ezekiel Olaleye Ejidele and Ontario Oil and Gas Nigeria Limited, were arraigned on a nine count charge bordering on obtaining property by false pretences, altering, forgery and conspiracy.
The EFCC had on July 25th , 2012 taken the suspects to court in order to arraign them but the absence of one of the suspects, Walter Wagbatsoma, stalled the arraignment.
Counsel to the EFCC, Rotimi Jacobs told the court the matter was for arraignment. Thereafter, the suspects were called to the dock and the charges read to them. They all pleaded not guilty to the charges.
Counsel to Wagbatsoma and Ontario Oil and Gas Nigeria Limited, Babajide Koku, SAN, said he had filed an application before the court, urging it to grant the defendants bail based on self- recognition. He said he hinged his prayer on the fact that his client promised to produce himself in court and he did so. Koku told the court that Wagbatsoma did not have any record of jumping bail and as such will be available for trial.
A 22 years old internet fraudster, Bike John Niye has been sentenced to one and half years imprisonment by a Lagos State High Court sitting in Ikeja, for defrauding one Laura Wallmam of Indiana, United States of America the sum of $53,500. Justice A Akinlade slammed the prison term on Niye having found him guilty of the four count charge bordering on obtaining money by false pretense and attempt to obtain money by false pretense, preferred against him by the Economic and Financial Crimes Commission, EFCC.
The trial of persons and organisations indicted in the mindless abuse of the Petroleum Support Fund in the guise of subsidy for imported fuel continued today, July 30, 2012, in Lagos with the arraignment three more suspects - Oluwaseun Ogunbambo, Habila Theck and Fargo Petroleum and Gas Limited- by the anti-graft agency, the Economic and Financial Crimes Commission, EFCC.
The Economic and Financial Crimes Commission, EFCC, on Thursday July 26th, 2012 docked some of the 20 suspects billed for trial over the fuel subsidy scam before Justices Habeeb Abiru and Adeniyi Onibganjo of the Lagos High Court. While Mr. Abdulahi Alao and Axenergy Limited were docked before Justice Abiru over a N2.6billion scam, seven others were separately arraigned before Justice Onigbanjo.
The Economic and Financial Crimes Commission, EFCC, on July 25, 2012, arraigned the Chief Executive Officer of Tafag Nigeria Limited, Engr Thompson O Aguheva, before Justice Olukayode Adegbola Adeniyi of the High Court of the Federal Capital Territory , sitting in Apo, Abuja , on a two count charge of issuing a dud of about five point seven million naira (N5.7m).
The court of appeal sitting in Abuja has dismissed an application filed by Esai Dangabar, one of the six suspects who allegedly defrauded the Police Pension Office to the tune of N32.8 Billion naira (Thirty Two billion, Eight Hundred million naira). Dangabar filed the application, challenging the decision of Justice Lawal H. Gumi of the FCT High Court which ordered the Economic and Financial Crimes Commission, EFCC, to attach and take possession of his assets and to freeze his bank accounts.
The Economic and Financial Crimes Commission, EFCC, has concluded arrangements to prosecute the first batch 18 suspects implicated in the oil subsidy fraud. The suspects, comprising six oil companies and 11 individuals, will be docked in Lagos courts.
The companies involved are: Nasaman Oil Services; Eternal Oil and Gas Plc; Ontario Oil & Gas Plc; Nadabo Energy Limited; Pacific Silver Line Limited, Axenergy Limited and Fago Petroleum and Gas Limited.
The Economic and Financial Crimes Commission, EFCC, on Wednesday, July 4th, 2012 docked nine suspects at a Lagos State High Court sitting in Igbosere ,Lagos on a two count charge bordering on intent to defraud, conspiracy and stealing the sum of N16,467,000.000 (Sixteen million four hundred and sixty seven thousand naira ), property of Mr. Aiyeola Matthew of Golden Treasures Investment Limited . The money was given to them to purchase the sum of $155,000.00 (One hundred and fifty five thousand United States Dollars). They were arraigned before Justice Oyekan Abdulahi.