N1.3b subsidy scam: EFCC’s negotiation with marketers breaks down
The attempt by two marketers, Aro Sunday Bamidele and
Abiodun Kayode Bankole, to negotiate with the Economic and Financial Crimes
Commission (EFCC) over the N1.3 billion subsidy fraud preferred against them
has failed.
Both marketers are standing trial over their role in the
fuel subsidy fraud and obtaining money under false pretense from the Federal
Government.
The EFCC had alleged that the defendants had fraudulently
obtained N1.3 billion from the Federal Government for the purported importation
of 30 million litres of Premium Motor Spirit (PMS).
However, at the resumed hearing of the matter before Justice
Lateefa Okunnu of a Lagos High Court sitting in Ikeja on Monday, EFCC counsel,
Tayo Olukotun, informed the court that the negotiation process had failed.
“My Lord, I wish to inform the court that negotiations
between the parties have broken down. We were informed on Wednesday, January 24
of this development.
“The defendants have filed a Notice of Preliminary
Objection, we would like to respond to this and would be applying for a short
time to respond,” Olukotun stated.
Justice Okunnu adjourned the matter till February 26 for
arguments on the Preliminary Objection.
The oil marketers, alongside their company A.B.S Investment
Company Ltd, were among the 13 suspects arraigned by the anti-graft agency on
October 5, 2012 for a whopping N3.7 billion fuel subsidy scam.
They are to face 18-count charge bordering on conspiracy,
obtaining money by false pretence, forgery and uttering.
The massive fraud was perpetrated using various
instrumentalities such as forging of bills of lading, certificate of quantities
and certificate of origin among other criminal infractions to fraudulently
obtain payments from the petroleum support fund as subsidy for the importation
of petroleum motor spirit (petrol).
Source: Daily Independent
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