Subsidy Scam: Witness tells court how Oil Magnate, Adegbite allegedly defrauded FG N735m
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 above whooping sum of money.
“According to him, the importation was carried out by the defendants using the M.T. Silverie, which was purportedly loaded offshore through Cotonou in January, 2011 and discharged its entire cargo with the quantity of 19,179,999 liters of PMS at Lister depot Apapa Lagos operated by ‘O and O’ PLC. He added, “the companies also forwarded copies of the lease agreement which showed that ‘O and O’ plc; was the sole operator of the lista depot.
Nweke further affirmed, “We contacted the ship owner of M.T. Silveria Union Maritime Limited, who represents the manager of the vessel in Nigeria Betta Shipping Limited who stated that although the M.t. silverie loaded over 19 million liters in January 2011, they received instruction from Nepal Oil and Gas Business Partners to the defendants to transfer about 12 million litres to another vessel at offshore Cotonu in the name of MTTDT2”, he said.
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