Showing posts with label N1.5bn. Show all posts
Showing posts with label N1.5bn. Show all posts

Tuesday, April 16, 2013

How oil dealers used ‘dead’ vessel to dupe Nigeria of N1.5bn



Shocking details emerged, yesterday, of how four smart Nigerian oil dealers conspired and fleeced the nation of N1.5 billion in the name of supplying premium motor spirit (petrol) to the country.
The four suspects, Alhaji Saminu Rabiu, Jubril Rowaye, Alminur Resources Limited and Brila Energy, reportedly claimed to have used a vessel that had long been put out of circulation to ‘supply’ petrol to Nigeria under the scandalous fuel subsidy administration that made the nation to lose close to N2.3trillion in revenue in 2011.
But when the case against the four suspects opened, yesterday, at the Abuja High Court, an Economic and Financial Crimes Commission operative, confronted them with evidence that the so called ‘vessel’, which they claimed to have used in ‘supplying’ the fuel to Nigeria, was not in existence at the time they claimed it was used for transporting fuel to Nigeria.

ST

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