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FUEL SUBSIDY SCAM: Court jails company MD 10yrs

the dealing with director, ontario oil and fuel limited, mrs. ada ugo-nnadi turned into on thursday sentenced to 10 years in prison for her function within the fuel subsidy rip-off to the time of n754m.
justice lateefa okunnu of the lagos kingdom excessive courtroom in ikeja who surpassed the sentence additionally ordered the employer to refund n754m to the federal authorities.
the sentence is to begin analyzing from january thirteen, 2017, whilst she and different inside the case had been mentioned guilty and convicted.
FUEL SUBSIDY SCAM: Court jails company MD 10yrs
others additionally sentenced along side her consist of walter wagbatsoma who is the chairman of the business enterprise who have been charged with the aid of the financial and monetary crimes fee (efcc) on 8 counts of fraud.
justice okunnu had to put off sentencing after they were convicted in january 13, 2017 as ugo-ngali collapsed and needed to be rushed to the hospital from the court docket.
the trial decide who rejected the plea of mr edoka onyeka, the defense recommend, for a non-custodian sentence in view of his patron’s health, said, “i have taken into consideration the plea of the defence counsel for non-custodian sentence of the 2d defendant. i've to mention that the request to provide a non-custodian sentence should be rejected and i can best exercising my discretion on the duration of time the convict will spend in prison”.
she mentioned a cumulative jail term of sixty nine years for the convicts, but which might run concurrently for most effective 10 years.
wagbatsoma however, is said to be currently beneath house arrest within the united kingdom, for allegations that he laundered about £12m of the countrywide health carrier consider.
on their first look in court docket, on august 1, 2013, both convicts had been accused by means of the efcc of getting defrauded the federal government of n1.nine billion accrued for purportedly uploading premium motor spirit into the u . s . a ..
justice okunnu held that, “consistent with a forensic audit by using akintola williams delloitte, the defendants did not remit an extra of n754m to the federal government.
“the first defendant knowingly obtained the sum in excess of what the fourth defendant (ontario oil and gas confined) became entitled to”.

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