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

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Wednesday, October 6, 2021

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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