Business
Alleged N1.4bn Fraud: Court To Rule On Nadabo Energy Boss’ Application Nov 29
Agency Report
Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja, Lagos, on Tuesday, November 1, 2022, adjourned till November 29, 2022 for ruling on the application filed by Abubakar Peter Ali, owner of Nadabo Energy Limited, seeking the trial Judge to recuse himself from continuing to sit on the alleged N1.4bn oil case on the basis of bias.
The Economic and Financial Crimes Commission, EFCC, is prosecuting Abubakar and his company on a 27-count charge for allegedly using forged documents to obtain the sum of N1,464,961,978.24 from the Federal Government as oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit, PMS, purportedly imported and supplied by the company
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