Court Fast-Tracks N1.4bn Subsidy Fraud Case in Lagos
The Lagos State High Court, presided over by Justice Ismail Ijelu, is moving to fast-track a long-standing N1.4 billion oil subsidy fraud case against Nadabo Energy Limited and its Managing Director, Abubakar Ali Peter. This case, which dates back to 2013, involves 27 counts of charges including forgery and obtaining false pretenses, specifically concerning fraudulent claims for oil subsidies from the federal government.
The Economic and Financial Crimes Commission (EFCC) is prosecuting the case, which alleges that Peter's firm falsely claimed subsidies for the importation of 19,488,992 liters of Premium Motor Spirit (PMS), while only 6,505,140.04 liters were actually imported. The court has set a timeline for the prosecution to conclude within three months following Peter's re-arraignment.
Justice Ijelu emphasized the need for expedited hearings, expressing concern over the delays in the case. The trial is scheduled to continue on May 19-21, 2026.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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