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EFCC arraigns directors, firm over N735m subsidy scam

The Economic and Financial Crimes Commission on Thursday arraigned one Mr. Adetoye Adegbite and Abiodun Ponnle along with Origin Oil and Gas Limited before Justice Silvanus Orji of the Federal Capital Territory High Court, Apo, Abuja, on 11 charges bordering on fraud and abuse of Petroleum Support Fund to the tune of N735m.

According to a statement by the EFCC spokesman, Wilson Uwujaren, the accused persons conspired and fraudulently obtained the sum of N735, 132, 076.18 from the Federal Government as payment for the importation of 15,000mt of petrol which they claim to have purchased from Vitol SA and imported it into Nigeria through MT Silverie.

The offence contravenes Section 8 (a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and it is also punishable under the same section.

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