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
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