The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned another oil marketer, Rowaye Jubril, over an alleged N963.7 million fuel subsidy fraud.
Jubril was arraigned with his company, Brila Energy Ltd., before Justice Lateefat Okunnu of a Lagos High Court in Ikeja.
The News Agency of Nigeria (NAN) reports that the defendants are facing 13 counts of obtaining money by false pretences, forgery and uttering.
The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned another oil marketer, Rowaye Jubril, over an alleged N963.7 million fuel subsidy fraud.
Jubril was arraigned with his company, Brila Energy Ltd., before Justice Lateefat Okunnu of a Lagos High Court in Ikeja.
The News Agency of Nigeria (NAN) reports that the defendants are facing 13 counts of obtaining money by false pretences, forgery and uttering.
EFCC counsel, Mr Seidu Atteh alleged that the defendants had between Oct. 2010 and May 2011 in Lagos, fraudulently obtained the sum of N963.7 million from the Federal Government.
Atteh alleged that the defendants obtained the money from the Petroleum Support Fund for the purported importation of 17.3 million litres of Premium Motor Spirit.
They were also alleged to have forged documents, including certificate of cargo transfer, certificate of origin and cargo manifest, which they used in facilitating the fraud.
Atteh said the offences committed contravened Sections 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006.
According to him, the offences committed also contravened Sections 467 and 468 of the Criminal Code Laws of Lagos State 2003.
Jubril had pleaded not guilty to the charges when they were read to him.
The judge in a ruling on the bail application granted him bail in the sum of N75 million with two sureties in like sum.
Okunnu said the sureties are to be gainfully employed and must depose to an affidavit of means.
She said one of the sureties must show evidence of possession of landed property in Lagos State, while the other surety must be a director in a public or private quoted company in Nigeria.
The trial judge also ordered that the sureties must produce evidence of payment of tax for the last three years and that their documents should be verified by the EFCC.
Okunnu also ordered the defendant to deposit his international passport and other travelling documents with the chief registrar and must not travel without the court's permission.
She also directed Jubril to report once every month to the EFCC office during the duration of the trial.
The commission had earlier arraigned Abdullahi Alao, son of Ibadan-based businessman, Alhaji Arisekola Alao and Mahmud Tukur, son of PDP Chairman, Alhaji Bamanga Tukur, and others for similar offences.
The matter was adjourned to Jan. 23 for trial.
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