Alleged N1.4bn Fraud: Court Warns Nadabo Energy Boss’ Lawyer Over Absence… Adjourns To Dec. 8

The ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for an alleged N1.4billion fraud before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja could not continue on Tuesday. December 7, 2021, owing to the absence of the defence counsel in court.

Abubakar and his company, Nababo Energy Limited, who were arraigned on December 10, 2012, are being prosecuted by the Economic and Financial Crimes Commission, EFCC, for allegedly using forged documents to obtain the sum of N1, 464,961,978.24 from the Federal Government as oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit, PMS, purportedly imported and supplied by the company.

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