Anti-corruption and elections / EFCC

Subsidy Scam: Court Told how Oil Magnate, Adegbite Defrauded FG N735 Million

Justice Silvanus Oriji of the FCT High Court, Apo, Abuja, has adjourned hearing in the suit involving two directors of Origin Oil and Gas Limited, Adegibite Adetoye and others in the alleged N735million subsidy fraud to March 7th, 2019. The defendants are being prosecuted by the Economic and Financial Crimes Commission, EFCC, on an 11- count charge bordering on fraud and abuse of Petroleum Support Fund to the tune of N735m. Recall that the Federal Ministry of Petroleum Resources had invited the EFCC, to help investigate the subsidy scam. The defendants were alleged to have conspired and fraudu…