FUEL SUBSIDY SCAM: Bamanga Tukur’s Son, 11 Others Charged

The law bared its fangs, yesterday, as the Ikeja and Lagos judicial divisions will try 7 oil companies and 12 directors charged before them.
They face between 7 years and 20 years imprisonment and to refund N304bn which was alleged to have been illegally taken from the Federal Government coffers.

The Economic and Financial Crimes Commission, EFCC, yesterday, filed charges against the first batch of 18 suspects comprising six oil companies and 12 individuals implicated in the oil subsidy fraud. The companies are: Nasaman Oil Services; Eterna Oil and Gas Plc; Contario Oil & Gas Plc; Nadabo Energy Limited; Pacific Silver Line Limited, Axenergy Limited and Fago Petroleum and Gas Limited.

Culled from VANGUARD