Wednesday, October 10, 2012
EFCC Arraigns Abdulahi Alao,four others in fresh oil subsidy scam
The three persons and two companies are: Opeyemi Ajuyah, Abdulahi Alao and Olanrewaju Olalusi, Majope Investment Limited and Axenergy Limited. They are alleged to have conspired to obtain the money by false pretence contrary to section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006. They are also accused of forgery, uttering and defrauding the Federal government of over N1.1billion by falsely claiming that the sum represented subsidy accruing to them under the Petroleum Support Fund.
The accused persons pleaded not guilty to the charge when it was read to them. Counsel to the EFCC, Rotimi Jacobs, SAN, told the court that he had just been served with the bail application and so needed time to respond.
Justice Okunnu adjourned the case to 19 October, 2012 for hearing of the bail application while fixing 13 and 14 December, 2012 for trial.
Abdulahi Alao and Axenergy Limited are also standing trial before a Lagos High Court, on another seven count charge bordering on obtaining the sum of N2, 640, 141, 707.75k (Two billion, Six hundred and Forty Million; One hundred and forty one thousand; Seven hundred and seven hundred naira, seventy five kobo only) being payments obtained from the Petroleum Support Fund for the purported importation of 33.3 million litres of Premium Motor Spirit.