Anti-corruption and elections / EFCC

Alleged N1.4bn Oil Subsidy Fraud: Supreme Court Rejects Nadabo Energy MD’s Appeals

The Supreme Court has dismissed appeals filed by Mr. Abubakar Ali Peters, Managing Director of Nadabo Energy Limited, in connection with an alleged ₦1.4 billion oil subsidy fraud. Peters had approached the apex court seeking to overturn a decision of the Court of Appeal which revoked his bail and imposed stricter conditions. He also sought permission to travel abroad for medical treatment. However, the Supreme Court refused the requests, directing him to return to the trial court to continue his criminal proceedings. The ongoing case, being heard before Justice C.A. Balogun of the Lagos High C…