Alleged N1.4bn Oil Subsidy Fraud: Absence Of Nadabo Energy Boss Stalls Trial - THE DAILY CRUCIBLE

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    Home NEWS Alleged N1.4bn Oil Subsidy Fraud: Absence Of Nadabo Energy Boss Stalls Trial

    Alleged N1.4bn Oil Subsidy Fraud: Absence Of Nadabo Energy Boss Stalls Trial

                   •Nadabo Energy Boss


    | The Daily Crucible |Published Wednesday, October 6, 2021

    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.

    The absence of the defendant - Abubakar Ali Peters, in court stalled the trial.

    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. 
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    The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress and greatness, given the heterogeneity of her citizens. We shall vigorously pursue this vision and anchor it on tripod of truth, justice and fairness. We shall feed the general public with robust information they need to make informed decision on issues and matters that affect them, promote human - capital development, freedom and free market enterprise. And our loyalty shall be to Nigeria and public interest, and shall respect ethnic, religious and political diversity without being partisan and sectional.