Fuel subsidy scam: EFCC Arraign Alao, Four Others

The Economic and Financial Crimes Commission, EFCC, on Wednesday October 10, 2012, arraigned three persons and two companies on six count charge before Lagos High court for alleged fraud. Left:  ABDULAHI ALAO OF AXENERGY 

  OLANREWAJU OLALUSI A BANKER
 
The three persons and two companies are: Opeyemi Ajuyah, Abdulahi Alao and Olanrewaju Olalusi, Majope Investment Limited and Axenergy Limited were arraigned before Justice Lateefa Okunnu.

The accused were said to have conspired and obtained money by false pretences, forgery and uttering of document to the tune of N1.110,049,444. 35 (One Billion, One Hundred and Ten Million, Forty Nine Thousand, Four Hundred and Forty-Four Naira, Thirty-Five Kobo).

The offence the EFCC said breached section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006. They are also facing charges relating to forgery, uttering and defrauding

 
  OPEYEMI AJUYAH OF MAYOPE INVESTMENT LTD FOLLOWED BY OLANREWAJU OLALUSI ON ARRIVAL AT THEN LAGOS HIGH COURT IKEJA LAGOS

 
 
 
  OPEYEMI AJUYAH OF MAYOPE INVESTMENT LTD 
 
 
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on obtaining the sum of N2, 640, 141, 707.75k (Two billion, Six hundred and Forty Million; One hundred and forty one thousand; Seven hundred and seven hun dred naira, seventy five kobo only) being payments obtained from the Petroleum Support Fund for the purported importation of 33.3 million litres of Premium  Motor Spirit

 
 
LAREWAJU OLALUSI, A BANKER SHIELDING HIM SELF FROM THE CAMERA OUTSIDE THE LAGOS HIGH COURT