The trial of Abubakar Peters and his company, Nadabo Energy Restricted, for an alleged N1.4 billion fraud earlier than Justice Christopher Balogun of the Lagos Teach High Court docket sitting in Ikeja, persisted on Tuesday with the contaminated-examination of the fifth prosecution behold, Abdulrasheed Bawa, the Chairman of the Financial and Monetary Crimes Commission (EFCC).
All the diagram by the court cases, the defence counsel, Osagie Isiramen, modified into modern and he persisted with the contaminated-examination of Bawa.
Below contaminated-examination, Bawa identified Demonstrate B as the bundle of documents submitted to the Petroleum Merchandise Pricing Regulatory Company (PPPRA) for processing the subsidy funds claimed by the defendant.
READ ALSO: Job Force Arrests 28 Suspects In Niger, Recovers Assorted Charms
“Right here is the bundle of documents submitted by the defendant to the PPPRA, which we requested from the company for the licensed factual replica they in most cases obliged us,” he stated.
Bawa also identified Demonstrate W as the bundle of documents furnished to the EFCC by the defendant.
He extra confirmed that the maintaining letter as seen in Demonstrate B modified into signed by Ted Okonkwo, Head, Port Harcourt Zone of PPPRA, whom he stated “acted, to the upper of our files, in step with the documents accessible to him and records received allegedly.”
When wondered extra, Bawa stated: “The EFCC checked out the bigger relate and focused on what the government had misplaced on your whole plan of the alleged fraud and took a resolution on who to payment.”
When asked in regards to the feature of Masters Energy Oil and Gasoline Restricted, namely the documents they contributed to allegedly design subsidy funds for the defendant, Bawa prompt the Court docket that “By our investigation, we came upon that the disclose of the documents submitted, at the side of a letter written by Masters Energy to PPPRA that the defendant discharged 14,000MT equivalent to about 19,000,000 litres of PMS in their tank farm is flawed.”
He extra prompt the Court docket that “The EFCC is conducting a holistic investigation of the company itself concerning its actions. From our findings, some documents from the Division of Petroleum Sources, DPR, were also flawed.”
The case has been adjourned till March 1 and 22.
