Afrigather The Financial and Monetary Crimes Fee, EFCC, on Monday, March 25, 2024, introduced one other prosecution witness, Popoola Olayiwola, a employees of the Debt Administration Workplace, DMO, towards Mamman Nasir Ali and Christian Taylor, who’re being prosecuted for an alleged N2.2bn oil subsidy fraud, earlier than Justice Mojisola Dada of the Particular Offences Court docket sitting in Ikeja, Lagos.
They had been arraigned alongside Nasaman Oil Providers Restricted on amended 49-count prices bordering on conspiracy to acquire cash by false pretence, opposite to Part 8 and 1(3) of the Advance Charge Fraud and Different Fraud Associated Offences Act 2006; acquiring cash by false pretences, opposite to Part 1(3) of the Advance Charge Fraud and Different Fraud Associated Offences Act 2006; forgery, opposite to Part 363 (3)(j) of the Legal Regulation of Lagos State 2011; and use of false paperwork opposite to Part 364 of the Legal Regulation of Lagos State 2011.
One of many counts reads: “Nasaman Oil Providers Ltd, Mamman Nasir Ali, Christian Taylor, Oluwaseun Ogunbambo (now at giant) and Olabisi Abdul-Afeez (nonetheless at giant), on or in regards to the ninth day of November 2011 at Lagos, inside the Ikeja Judicial Division, with intent to defraud, conspired to acquire the sum of N749,991,273.36 (Seven Hundred and Forty-9 Million, 9 Hundred and Ninety-One Thousand, Two Hundred and Seventy-Three Naira Thirty-six Kobo) from the Federal Authorities of Nigeria by falsely claiming that the sum of N749,991,273.36 represented subsidy accruing to Nasaman Oil Providers Ltd below the Petroleum Assist Fund for the importation of 10,031,986 litres of Premium Motor Spirit (PMS), which Nasaman Oil Providers Ltd presupposed to have bought from SEATAC Petroleum Ltd of British Virgin Islands and imported into Nigeria via MT Liquid Fortune Ltd of British Virgin Islands and imported into Nigeria via MT Liquid Fortune Ltd Ex MT Abroad Lima, which illustration you knew to be false.”
One other rely reads: “Nasaman Oil Providers Ltd, Mamman Nasir Ali, Christian Taylor, Oluwaseun Ogunbambo (now at giant) and Olabisi Abdul-Afeez (nonetheless at giant),on or in regards to the eleventh day of April 2011 at Lagos, inside the Ikeja Judicial Division, with intent to defraud, obtained the sum of N1,480,074,125.61 (One Billion 4 Hundred and Eighty Million, Seventy-4 Thousand, One Hundred and Twenty-5 Naira Sixty-One Kobo) from the Federal Authorities of Nigeria by claiming that the sum represented subsidy accruing to Nasaman Oil Providers Ltd below the Petroleum Assist Fund for the importation of 20,492,982.50 litres of Premium Motor Spirit (PMS), which Nasaman Oil Providers Ltd presupposed to have bought from SEATAC Petroleum Ltd of British Virgin Islands and imported into Nigeria via MT Liquid Fortune Ex Mt. Hellenic Blue and Ex MT. Milleura, which illustration you knew to be false.”
They pleaded “not responsible” to all the costs once they had been learn to them.
They had been initially standing trial earlier than Justice Adeniyi Onigbanjo of the Lagos State Excessive Court docket sitting in Ikeja, Lagos.
Nonetheless, Justice Onigbanjo withdrew from the case, thereby prompting the re-assignment of the case to Justice Dada.
On the resumed sitting on Monday, the prosecution witness, Olayiwola, advised the courtroom that his designation was Operations Officer 1 as on the time the Sovereign Debt Observe, SDN, in competition, was issued.
Led in proof by the prosecution counsel, S.Ok. Atteh, Olayiwola stated: “I’m Assistant Chief Operations Officer within the DMO now. In 2012, I used to be answerable for the preparation of SDN in favour of oil entrepreneurs for his or her subsidy declare. I additionally put together letters of issuance notification to the Central Financial institution of Nigeria, CBN, and supervise the gathering of SDN by oil entrepreneurs”.
Olayiwola advised the courtroom that he was additionally answerable for making ready redemption letters on the maturity of SDN to the CBN. “I additionally do reconciliation with CBN on the SDN,” he added.
Olayiwola defined that SDN was the brief time period monetary instrument issued by the DMO below the Petroleum Assist Fund, which was operated by the Federal Authorities of Nigeria between 2010 and 2015.
He additional highlighted the varied options of the SDN, which he stated included the crest of the Federal Authorities, which is the issuer of the SDN; the quantity of subsidy claimed/dues to grease entrepreneurs, a serial quantity that distinguishes every SDN in a batch of subsidy declare.
He stated: “It additionally has a problem date, the maturity date, signature of the Director Common, and DG of the DMO. When it’s collected from the DMO, a photocopy of the ID card of the one who collected it’s taken with a duplicate of the SDN.”
He additionally testified that he knew the corporate, Nasaman Oil Providers Restricted, as one of many corporations that he ready SDN for in 2012.
“I obtained to know the corporate throughout my obligation on the DMO.
In whole, in response to the file out there on the DMO, about 5 SDNs had been ready for Nasaman Oil Providers Restricted,” he stated.
He, thereafter, recognized within the open courtroom two copies of the SDN, which had been already earlier than the courtroom as Exhibit P13. “I can affirm that the 2 in competition had been issued to Nasaman Oil Providers Restricted,” he stated.
In keeping with him, “Primarily based on the displays earlier than me, I can affirm that the one who collected the stated SDN from the DMO is Christian Taylor, and he additionally acknowledged receipt.”
Figuring out the 2 SDNs in competition, he stated: “The quantity concerned for SDN with serial quantity FGN/2011/01/Y110586 is N749,991,273.36. “For the second SDN with serial quantity FGN/2012/01/B12B/0692, the quantity is N1,480,074,125.61.”
The witness recognized Christian H. Taylor within the dock, saying, “ He collected the 2 SDNs.”
The choose adjourned the matter until March 26, 2024.
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