Monday marked the conclusion of the Economic and Financial Crimes Commission’s case against Abubakar Peters and his company, Nadabo Energy Limited, who are accused of forging N761,628,993.84 and obtaining money under false pretenses, diverting federal government funds, and other offenses before Justice S.S. Ogunsanya of the Lagos State High Court in Ikeja, Lagos.
This information was disclosed in a statement by Wilson Uwujaren, the agency’s spokesperson.
According to reports, Peters and his company were charged on 27 counts after allegedly misrepresenting the amount of Premium Motor Spirit that the company allegedly purchased and distributed in order to earn money from the federal government as an oil subsidy.
The case was postponed until January 16, 2023 by Justice Ogunsanya.
