Anti-corruption and elections / EFCC

N1.8bn Subsidy Fraud: S’Court To Decide Yanaty’s Appeal Dec. 15

The Supreme Court has reserved ruling till December 15, 2017 on whether or not the Economic and Financial Crimes Commission, EFCC, should continue investigation on Yanaty Petrochemical Limited over an alleged N1.8billion petroleum subsidy fraud. Yanaty had dragged the EFCC to the Supreme Court urging it to set aside the decision of the Court of Appeal Abuja Division allowing the anti-graft agency to continue investigation and possible prosecution of the company over the alleged subsidy fraud. It would be recalled that, Yanaty’s Managing Director, Elias Adeojo, was given approval by the Petrole…