JUST IN: EFCC closes oil fraud case against Nadabo Energy boss

The Economic and Financial Crimes Commission, on Monday, closed its case, in the trial-within-trial, against Abubakar Peters and his company, Nadabo Energy Limited, who are being prosecuted for alleged offences bordering on obtaining money under false pretence, diversion of federal government funds and forgery to the tune of N761,628,993.84 before Justice S.S.Ogunsanya of the Lagos State High Court sitting in Ikeja, Lagos.

The spokesperson for the agency, Wilson Uwujaren, revealed this in a statement obtained by our correspondent on Monday.

The PUNCH reports that Peters and his company were arraigned on a 27-count charge for allegedly using forged documents to obtain money from the Federal Government as an oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit purportedly imported and supplied by the company.

Justice Ogunsanya adjourned the case till January 16, 2023.