EFCC Chairman, Bawa Testifies In N1.4bn Oil Subsidy Fraud Trial

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Abdulrasheed Bawa, Chairman of Economic and Financial Crimes Commission, EFCC, has appeared before an Ikeja to give evidence in a N1.4 trial involving an , Nadabo Energy, .

Bawa, before his confirmation as EFCC chairman, had earlier appeared before court last year as a prosecution witness.

EFCC had accused Abubakar Ali Peters and his , Nadabo Energy of allegedly using forged documents to obtain N1,464,961,978.24 from Federal as subsidy after allegedly inflating the quantity of premium motor spirit, PMS purportedly supplied to the tune of 14,000m.

The defendants had pleaded not guilty to the prosecution’ charge.

Bawa, in his previous testimony, had told the court that based on the investigation carried on the defendant’ dealings with Staco Insurance , “the Certificate of marine insurance used by the defendant for the transaction in question was forged.”

The matter was adjourned by Justice Balogun to February 10, 16, 23 and March 9, 2021 for the continuation of trial.

Bawa is currently giving evidence in the trial as at the time of filing this report.