26.1 C
Lagos
Tuesday, January 26, 2021
- Advertisement -

Ship Captain Jailed for Illegal Oil Dealing

Opinion

2020: A Year Like no Other By Dakuku Peterside

The year 2020 was supposed to be a great year. It was another Leap Year – the famed Olympic Games year when...

The Time to Restructure is Now – Bola Tinubu

Being with you at this special event today, I am visited by two competing emotions. I continue to feel a profound sense...

Africa and the COVID-19 Vaccine – By Dakuku Peterside

The year 2020 will forever be synonymous with Covid-19, a pandemic that brought the world to her knees. For the first time...

Buhari is Repressing Human Rights and Getting Away With It – By Kolawole Olaniyan

President Muhammadu Buhari is failing to live up to his promises to ensure respect for human rights, obey the rule of law,...

Justice L.N. Oweibo of Federal High Court, Ikoyi, Lagos, on Thursday, July 9, 2020 convicted and sentenced Captain Peter Okomi to three years imprisonment. Also convicted and sentenced was his company, Moyitok Nigeria Limited and a vessel M.V. Agbeke, for illegal dealing in petroleum products.

They were prosecuted by the Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, on a three-count charge, to which they pleaded guilty, following their arrest by officers of the Nigerian Navy and subsequent hand over to the EFCC for investigation and prosecution.

One of the charges read: “M.V. Agbeke, Moyitok Nigeria Limited, and Peter Okomi, on the 21st day of January, 2020, in Lagos, within the jurisdiction of this honourable court, without appropriate license, dealt in 100 metric tonnes of Automative Gas Oil (AGO) and thereby committed an offence contrary to Section 3 (6) of the Miscellaneous Offence Act, Cap. M17, Laws of the Federation of Nigeria and punishable under Section 1 (17) of the same Act.”

Upon their guilty pleas,, prosecution counsel, Mohammed Idris, reviewed the facts of the case and prayed the court to convict and sentence Okomi accordingly. He also urged the court to order the forfeiture of the vessel and the 100 metric tonnes of Automative Gas Oil (AGO, diesel) it conveyed to the Federal government of Nigeria, being proceeds of unlawful activity.

Justice Oweibo convicted and sentenced Okomi to one year imprisonment on each of the three counts, which run concurrently. He also ordered the forfeiture of the vessel, MV Agbeke and the 100 metric tonnes of diesel recovered from it to the Federal government of Nigeria, and directed the EFCC to collaborate with relevant government or non- governmental agency to sell the vessel and the petroleum product on board the vessel within a reasonable time and remit the proceeds into federal government’s Consolidated Revenue account.

- Advertisement -
- Advertisement -

Business Profiles

Ngozi Edozien

Ngozi Edozien is the founder and Managing Director of Invivo Partners Limited. She has over 20 years’ experience in finance/private equity, general...

Sanyade Okoli

Sanyade Okoli is Chief Executive Officer at Alpha African Advisory. She has over 21 years of financial advisory, private equity, corporate, commercial...

Samuel Nwanze

Samuel Nwanze is a director of Transcorp Power. He holds an MSc. degree in Finance and Management from Cranfield University in the...

Olukemi Adeniji

Ms Adeniji has a law degree and a Masters in International Law and Diplomacy (M.I.L.D) from the University of Lagos. She has...

Chikezie Nwosu

Chikezie Nwosu is an experienced senior executive with over 29 years local and international experience in the oil & gas industry vis-a-viz...