N1.05bn Subsidy Scam: Oil Marketers, Rabiu, Rowaye To Know Fate Tomorrow


A Federal Capital Territory (FCT) High Court, Abuja presided over by Justice Adebukola Banjoko will on Friday, April 7, 2017 deliver judgment on a N1.05billion subsidy fraud suit instituted against two directors of oil marketing companies, Saminu Rabiu and Jubril Rowaye by the Economic and Financial Crimes Commission, EFCC.
Rabiu and Rowaye , directors of Alminnur Resources Limited and Brilla Energy Limited respectively, were arraigned on October 17, 2012 on a 17-count charge of conspiracy and fraud.
The duo were accused of fraudulently using their companies to obtain N1.05billion from the Petroleum Support Fund as payment for importation of 10,000 tonnes of Premium Motor Spirit, PMS.
They were at various times forged different bills of lading for PMS that was not supplied in a bid to claim the subsidy on fuel.
The case went to trial after the two oil marketers pleaded not guilty to the charge.

Subscribe to Our VIP Newsletter

Previous articleN2.5m Fraud: Court Revokes Tangalu’s Bail
Next articleUnited States Signs MoU with Kaduna State Government Focused on Economic Growth
Hamilton Nwosa

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!


Please enter your comment!
Please enter your name here