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EFCC charges oil marketers with N7.8bn fraud

The Economic and Financial Crimes Commission on Monday arraigned two oil marketers and their firms for an alleged fraud of N7.8bn.

The defendants – Ogbor Eliot; Godwin Okoronkwo; Danium Energy Services Ltd.; and Petrosol Energy Ltd. – were arraigned on 10 counts before the Federal High Court in Lagos.

In the charges, the EFCC alleged that the defendants conspired among themselves to fraudulently induce Fidelity Bank to deliver a total of N7.8bn to Danium Energy Services Limited.

They were said to have fraudulently obtained the money from the bank on the false claim that their company, Danium Energy Services Ltd., had been contracted by Total Nigeria Plc to make supplies of Automotive Gas Oil.

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