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EFCC Arraigns Two Fuel Subsidy Suspects Over N963m Fraud


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The Economic and Financial Crimes Commission, EFCC, on Tuesday, 13 November, 2012 arraigned one Rowaye Jubril and his company Brila Energy Limited before Justice Lateefa Okunnu of the Lagos State High Court sitting in Ikeja on a 13 count charge bordering on forgery and obtaining money under false pretence.

Specifically, Jubril was alleged to have obtained the sum of Nine Hundred and Sixty Three Million, Seven Hundred and Ninety Six Thousand, One Hundred and Ninety-Nine Naira, Eighty Five kobo (N963,796,199.85) from the Federal Government of Nigeria under false pretence; claiming that the sum represented subsidy accruing to Brila Energy Limited under the Petroleum Support Fund for the importation of 13,155,807 MT or 17,393,767 litres of Premium Motor Spirit (PMS) which Brila Energy Limited purported to have purchased from NAPA Petroleum Trade INC Panama and imported into Nigeria through M/T Overseas Limar (Mother Vessel), M/T Delphina (First Daughter Vessel) and M/T Dani I ( Second Daughter Vessel).

When the charges were read to Jubril, he pleaded not guilty to them. Counsel to the accused person, Wale Ilesanmi told the court that he had submitted an application for bail dated 30 October, 2012. He said the application was supported by a written address urging the court to grant the accused person bail on liberal terms. Ilesanmi informed the court that Jubril had earlier been offered an administrative bail by the EFCC and that the offences for which he was docked are bailable.

Prosecuting counsel, Seidu Atteh however opposed the bail application. He told the court that with the severity of the offence, the interest of the court and the prosecution will not be served if the accused person is granted bail. He, however, prayed the court to attach stringent conditions to any consideration of bail for the accused person.

After listening to both counsels, Justice Okunnu granted the accused person bail in the sum of Seventy Five Million Naira (N75, 000,000.00) and two sureties in like sum. The sureties are to swear to an affidavit of means and must be residents of Lagos State. The sureties should be gainfully employed and one of the sureties should own property of substantial value in Lagos State.
Besides, the judge ruled that, one of the sureties must be a member of the Board of Directors of a public or a private quoted company, one of them should also be a blood relation of the accused person. An operative of the EFCC who participated in the investigation should within 72 hours verify and submit all the sureties’ papers to the Registrar of the court for verification.
The court also bar the accused person from travelling out of the country, directing that his International Passport be submitted to the court. Also, the accused person will henceforth be reporting at the end of every month at a stipulated date and time to the office of the EFCC.

Justice Okunnu ordered that the accused person be remanded in prisons custody until conditions for bail are met. She adjourned the case to 23 and 24 November, 2012 for commencement of trial.

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