Court Jails Oil Marketer 10yrs For Fuel Subsidy Fraud
Justice Lateefa Okunnu of the Lagos State High Court in Ikeja yesterday convicted and sentenced an oil marketer, Rowaye Jubril to ten years imprisonment over a N964 million fuel subsidy fraud.
Justice Okunnu convicted Jubril after she found him guilty of a 13 count charge of conspiracy, obtaining money by false pretext, forgery and use of false documents.
The judge sentenced Jubril to ten years imprisonment on count one and eight years each on counts two to 13. The terms are to run concurrently and commenced from date of judgement.
The court also ordered the convict and his company, Brila Energy Limited to made a restitution N963.7 million to the Nigerian government.
The convicts were first arraigned by the Economic and Financial Crimes Commission in November 2012.
According to the anti-graft agency the defendants had obtained N963.7 million from the Federal Government under the Petroleum Support Fund between October 2010 and May 2012.
The commission also claimed that the money was obtained for the purported importation of 13,500 metric tonnes of Premium Motor Spirit (PMS).
The EFCC insisted that the offences contravened Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006.
The commission also said the offences contravened sections 467 and 468 of the Criminal Code Laws of Lagos State 2003
The conviction is coming two months after two oil marketers, Walter Wagbatsoma and Adaoha Ugo-Ndali and their company, Ontario Oil and Gas Limited, were convicted of N754million subsidy fraud by same court.
