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Bawa concludes testimony as court adjourns Nadabo Energy boss’ trial over N761.6m fraud

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Chairman of the Economic and Financial Crimes Commission(EFCC), Abdulrasheed Bawa, on Monday concluded his testimony in the trial of Abubakar Ali Peters and his company, Nadabo Energy Limited.

Peters and his company are facing a 21-count charge bordering on forgery and subsidy fraud to the tune of N761.6 million. He is being prosecuted by the EFCC before Justice Sedoten Ogunsanya of the Lagos State High Court sitting in Ikeja, Lagos.

“Nadabo Energy Limited and Abubakar Ali Peters, on or about the 26th day of September 2011 in Lagos, within the Ikeja judicial division, fraudulently obtained the sum of N761,628,993.84 from the Federal Government by falsely representing that the sum represented the subsidy accrued to Nadabo Energy Limited under the Petroleum Support Fund for the importation of 16,808,064 litres of Premium Motor Spirit (PMS), which Nadabo Energy Limited purported to have purchased from Delano Petroleum Corporation Akara Tortola British Virgin Island, and transported the 16,808,064 litres through MT Gotland Carolina (mother vessel) and MT Sonia (daughter vessel) to Nigeria, whereas Nadabo Energy Limiter only imported 7,953,962 litres of PMS from Delany Petroleum Corporation Akara Tortola British Virgin Island and transported 7,953,962 litres of PMS through MT Gotland Carolina (mother vessel) and MT Songa (daughter vessel) to Nigeria,” one of the counts read.

He pleaded “not guilty” to the charges when he was arraigned on October 7, 2015, thereby prompting the commencement of his trial.

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But Bawa, who testified as the second witness, concluded his cross-examination by the defence.

Under cross-examination by Isiramen, Bawa further stressed that, “Our findings and evidence are still that you cannot discharge what you didn’t import.

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“And our investigation, including documents from the banks, Staco Insurance Plc, PPPRA and others, indicated that the defendant supplied about 6,000 MT of PMS and not 12,000 MT as claimed by the defendant.”

Bawa further attested that investigation by the EFCC revealed that those who signed the respective documents resulting in the eventual payment to the defendants “did not do the right thing from our findings.”

“However, we were looking at the bigger picture in the interest of justice and concluded that the defendant was the beneficiary of the alleged compromise,” he added.

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He further told the Court that “We have started making recoveries from the defendant and we have a statement in which he put in writing that he is willing to pay back the excess money he received from the government.”

Bawa also reinstated that other directors of the company told the EFCC, during investigations, that they didn’t know anything about the transaction.

He said: “He never denied that he was in charge of everything that has to do with the transaction. We were only doing our job and we found out that the entire fund was utilised by him.”

The case has been adjourned till May 10 for the continuation of trial.

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Crime

OPC arrests two for stealing machine in Lagos

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Theheute-

Members of the Oodua People’s Congress, on Monday, arrested two men who allegedly stole a vulcanising machine from a store at Mile 12, in the Kosofe Local Government Area of Lagos State.

The Chief Security Officer of the Gani Adams-led faction of the OPC, Rotimi Obayemi, that the suspects confessed to stealing the machine after it was found with them.

He identified the suspects as Sanni Aminu, 30, and Ibrahim Salisu, 29.

Obayemi said, “I was called by the OPC chairman who told me that they had caught two thieves. On arrival, I interrogated the suspects in Hausa because they did not understand English. They both confessed that they broke into a store at Underbridge, Mile 12, and stole the machine.”

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Aminu, who claimed to be a wheelbarrow pusher at the Mile 12 Market, said, “I accompanied my brother last night. I didn’t know that he was going to steal the machine.”

The Lagos State Chairman, OPC, Okanlomo Adeniyi, said the police had been informed of the incident and that the suspects and the stolen machine would be handed over to the authorities.

Okanlomo said, “We have reported the case to the Ikeja division of the police command; they are on their way. We will hand over the suspects and the stolen machine to them when they get here.”

He noted that the case would be monitored to ensure that the machine was returned to its owner.

As of the time of filing this report, attempts to speak to the state Police Public Relations Officer, SP Benjamin Hundeyin, were unsuccessful.

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BREAKING: Kidnap kingpin, Evans, sentenced to 21 years imprisonment

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Kidnap kingpin Chukwudumeme Onwuamadike, also known as Evans, and his co-defendant, Victor Aduba, have been sentenced to 21 years imprisonment for kidnapping one Sylvanus Hafia.

The sentence was issued by Justice Oluwatoyin Taiwo of the Ikeja Special Offences Court on Monday.

Both convicts had been accused of conspiring and kidnapping Sylvanus Ahanonu Hafia at about 5:30 pm on June 23, 2014, at Kara Street, Amuwo Odofin in Lagos.

After succeeding with the abduction, they demanded $2 million as ransome.

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Pleading not guilty, Justice Taiwo proceeded with the sentence on the grounds that it would serve as a deterrent to other aspiring kidnappers.

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Flutterwave accused of data breach, unauthorise access to customer account (Photos)

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An investigative journalist and Twitter lord, David Hundeyin, has again attacked Flutterwave over data breach and unathourised access to his inactive Barter account, a lifestyle payments solution by the company.

This won’t be the first time Hundeyin would be dragging the fintech company. Recall that Freelanews reports how Flutterwave’s CEO was being investigated over allegations of financial misconduct as a result of an exclusive report by the controversial journalist.

In a series of post on his Twitter handle, Hundeyin claimed his account was logged into and threatened the platform of serious consequences if any fraud is perpetrated by impersonating him.

“Hi @theflutterwave. I have sent an email requesting immediate deactivation of my inactive Barter account.

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“Someone has somehow gained access to that account without hacking my email which is impossible without an internal data breach from your end,” he wrote.

whatsapp image 2022 09 14 at 4.38.12 pm (1)

whatsapp image 2022 09 14 at 4.38.12 pm

While analysing the break-in, the journalist explained that his username was messed with.

“The person logged into my Barter account which is paired to a Wema Bank account linked to my BVN (which is viewable under the ‘security’ tab), and changed the name on the account.

“I cannot begin to describe the amount of trouble you are in if any fraud is carried out in my name,” he submitted.

whatsapp image 2022 09 14 at 4.38.31 pm

whatsapp image 2022 09 14 at 4.38.31 pm (1)

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