Subsidy Scam: EFCC Arraigns 3 More Suspects

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Huhuonline.com can disclose that three more suspects allegedly indicted in the on-going subsidy fraud have been arraigned before Justice Adeniyi Onigbanjo of the Lagos High Court, Ikeja.

The persons and organisations arraigned for abuse of the Petroleum Support Fund in the pretence of subsidy for imported fuel by the anti-graft agency, the Economic and Financial Crimes Commission (EFCC) include Oluwaseun Ogunbambo, Habila Thrck and Fargo Petroleum and Gas Limited.

The trio were on Monday, July 30, 2012 docked on a six counts charge for conspiring to obtain the sum of N976, 653,110.28 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.

The accused persons pleaded not guilty to the charge after they were also accused of forgery and use of false document contrary to section 364 of the Criminal Laws of Lagos State of Nigeria.

Babajide Koku (SAN), counsel to the accused persons had informed the court that he had filed a bail application dated 25 of July, 2012 and served on the prosecution, adding that he needed time to respond to the counter affidavit and requested for a short adjournment, while the prosecution counsel, Usani Francis, did not oppose the application.

The trial judge, Justice Onigbanjo, however adjourned proceedings to Wednesday August 1, 2012 for hearing of the bail application and ordered that the accused be remanded in EFCC custody.