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N1.9bn subsidy fraud: Wagbatsoma, others know fate Friday

 Justice Lateefa Okunnu of the Lagos State High Court, Ikeja, will, on Friday, deliver judgment in a N1.9bn oil subsidy theft charge brought against Walter Wagbatsoma, Adaoha Ugo-Ndagi and Ontario Oil & Gas Limited by the Economic and Financial Crimes Commission.

They were alleged to have, on July 7, 2010, obtained the sum of N340m by false pretence from the Federal Government, purporting the money to be subsidy payable to Ontario Oil & Gas Nigeria Limited.

The offence is among several others brought against them by the EFCC in a case of conspiracy, obtaining property by false pretence, forgery and altering of documents.
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