Friday, 16 May 2014

EFCC To Arraign Oil Chiefs forN168m Fraud


The Economic and Financial Crimes Commission, EFCC is to arraign the Chief Executive Officer of Globtec Resources Limited, Joseph Idoko, and three others for offences bordering on conspiracy and obtaining money by false pretence.
The other suspects are Mahmud A. Mohammed, Chief Executive, Al-Maqarinaz International Limited, Ikechukwu Nkwoha-Philip and Ibrahim Ali, Chief Executive, Dano Interglobal Marine Services Limited. The suspects were picked up by operatives of the Commission following a complaint by the Chief Executive of Emex Oil Ndawta Ghana Limited, Ismaila Abdulgafar. The complainant alleged that, Idoko and his cohorts, who parade themselves as oil merchants, conspired and fraudulently collected $1m (One Million US Dollars), the equivalent of N168m (One Hundred and Sixty Eight Million Naira) from him for the supply of  crude oil.  
 Abdulgafar stated that, the crude oil, Nigeria’s sweet crude, Bonny Light, was to be delivered through the vessel, MT AL-ALBAR but he later discovered that it was a phony deal as the vessel is non- existent.
The Commission has concluded investigation into the scam and, on May 15, 2014, filed three-count information at the Federal Capital Territory High Court, Abuja.

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