EFCC Arrests Businessman For N12.1m Oil Fraud

Hamilton Nwosa
Writer
new-diplomat default image
new-diplomat default image

Ad

How Nigeria raked in N7.46 trillion trade surplus in Q2 2025, NBS reveals

By Abiola Olawale The National Bureau of Statistics (NBS) has announced that Nigeria achieved a trade surplus of N7.46 trillion in the second quarter of 2025 (Q2 2025). NBS explained that this figure underscores the country's growing export prowess, particularly in key sectors such as mineral fuels and machinery. The latest NBS report, titled Foreign…

Nigeria Records 15.92 % Inflation In March — NBS

Alleged N23bn fraud: Coalition Blast Ibas as Emergency Rule ends soon

Says Ibas dragged Rivers towards bankruptcy By Abiola Olawale With barely a week remaining until the expiration of the six-month state of emergency in Rivers State, Vice Admiral Ibok-Ete Ibas (retd.), the state's sole administrator, is currently embroiled in an explosive accusation of allegedly orchestrating a massive financial heist amounting to about ₦23 billion. The…

Ad

The EFCC, on Wednesday, September 21, 2016 arrested a businessman, Abdulhafiz Umar Barau, for allegedly obtaining money by false pretence to the tune of N12,150, 000( Twelve Million One Hundred and Fifty Thousand Naira).

The complainant, Dusus Yyang Bot, allegedly supplied 90,000(Ninety Thousand) litres of
Automobile Gas Oil (AGO) worth N12, 150,000 to the suspect sometime in January this year.

The 38-year-old suspect had assured the complainant that he would pay the agreed sum of money after the product was delivered to him.
However, the complainant alleged that the suspect could not be reached any more after receiving the product.

The suspect will be charged to court as soon as investigation is concluded

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp