Home News Trial of Nadabo Energy CEO on alleged N1.4bn oil subsidy fraud stalls

Trial of Nadabo Energy CEO on alleged N1.4bn oil subsidy fraud stalls

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WED 06 OCT, 2021-theGBJournal- 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 Tuesday, as the defendant was absent in court.

Peters and his company, Nababo Energy Limited, were arraigned by the Economic and Financial Crimes Commission (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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