Alleged N1.4bn Oil Subsidy Fraud: Absence of Nadabo Energy Boss Stalls Trial
The ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for an alleged N1.4bn fraud before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja, Lagos could not continue today, Tuesday, October 5, 2021, as the defendant was absent in court.
Peters and his company, Nababo Energy Limited, were arraigned by the EFCC on December 10, 2012 for offences bordering on obtaining money by false pretences, forgery and use of forged documents to the tune of N1, 464, 961, 978.24. For details of this and other stories, visit our website: http://www.efccnigeria.org.