Anti-corruption and elections / EFCC
N1.4bn Fraud: Appeal Court Dismisses Nadabo Energy MD's Appeal
The Court of Appeal, Lagos Division, has struck out the appeal filed by a suspect, Abubakar Peters, Managing Director, Nadabo Energy Limited, who was charged with N1, 464, 961, 978. 24 (One Billion, Four Hundred and Sixty-four Million, Nine Hundred and Sixty- one Thousand, Nine Hundred and Seventy- eight Naira, Twenty-four Kobo) fraud for being incompetent. Peters alongside his company, Nadabo Energy Limited, were arraigned on December 10, 2012 before Justice L. Balogun of the Lagos State High Court sitting in Ikeja, Lagos for offences bordering on obtaining money by false pretences, forgery a…
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