Eight suspects arraigned before Justices Habeeb Abiru and Lateefa Okunnu of the Lagos High Court by the Economic and Financial Crimes Commission, EFCC, for their alleged role in the petroleum subsidy scam were on Tuesday, October 9, 2012 granted bail on stringent conditions.
The Managing Director of NICON Properties, Wuse Abuja, Mr. Yahaya Atai Odoma and the Accountant of the company, Mr. Rufai S. Bidu were among four persons arrested by the Special Control Unit Against Money Laundering, SCUML on October 9, 2012 as part of the on going effort to enforce compliance with anti- money laundering laws by Designated Non- Financial Institutions, DNFIs.
The Economic and Financial Crimes Commission, EFCC, on Monday, October 8, 2012, arraigned the duo of Uzoma Loius Jerry Okonkwo and Okonkwo Ugochukwu alongside their companies Mayor Global Resources Investment Limited and Okonkwo Energy Solution Limited before a Federal High Court sitting in Ikoyi, Lagos, on a five count charge bordering on conspiracy and obtaining money under false pretence.
The Economic and Financial Crimes Commission, EFCC, has concluded arrangement to arraign another set of suspects in the on going trial of persons and organisations indicted in the fuel subsidy scam.
The Economic and Financial Crimes Commission, EFCC, on Friday, October 5, 2012 arraigned thirteen suspects implicated in a fresh N3.7billion fuel subsidy scam. The massive fraud was perpetrated using various instrumentalities such as forging of Bills of Lading, Certificate of Quantities and Certificate of Origin among a posse of criminal infractions to fraudulently obtain payments from the Petroleum Support Fund as subsidy for the importation of Petroleum Motor Spirit (petrol).
The Special Control Unit Against Money Laundering, SCUML, on Thursday October 4, 2012 commenced the enforcement of compliance with the provisions of the Money Laundering Act 2011 by Designated Non- Financial Institutions DNFIs (hotels, real estate firms, auto dealers, audit and accounting firms, casinos, supermarkets bureau de change, law firms, etc), with the arrest of officials of seven companies in Abuja.
The Economic and Financial Crimes Commission, EFCC, on Monday 24th September, 2012, arrested Mr. Adebisi Adeniyi James, 32, for fraudulently obtaining N630, 000 under the false pretence of securing admission into the University of Abuja for his victim.
Two officers of the Economic and Financial Crimes Commission, EFCC, Douglas William and Abba Ishaku, who were arraigned on October 17, 2010, before an Abuja High Court presided over by Justice Abubakar Umar in a four-count charge bordering on conspiracy and obtaining money under false pretence, were on October 4, 2012, sentenced to five years imprisonment without an option of fine.
The Economic and Financial Crimes Commission, EFCC, has concluded arrangement to arraign fresh suspects in the on going trial of persons and organisations implicated in the fuel subsidy scam. Barring any hitches, 10 suspects comprising four companies and six individuals will be arraigned tomorrow, Friday October 5, 2012 before Justice Habeeb Abiru of the Lagos High Court.
The Economic and Financial Crimes Commission (EFCC) on Wednesday, September 26, 2012, accused a former managing director of Bank PHB, Mr Francis Atuche of using depositors funds to pay N45 million (Forty Five million naira) tithe. Lead prosecution counsel, Kemi Pinheiro, SAN, made the accusation while leading key witness, Mr Solomon Abolaji Ogunsola, a former staff of PHB Mortgages Limited, in evidence before Justice Lateefa Okunnu of a Lagos High Court sitting Ikeja, Lagos. Atuche paid the money from an account of PHB Mortgage Limited.