EFCC Re-Arraigns Two For N7.3bn Oil Fraud

The Economic and Financial Crimes Commission (EFCC) Lagos zonal office, has re-arraigned the duo of Ogbor Elliot, Managing Director, Danium Energy Services Limited, and Godwin Okoronkwo, Managing Director, Petrosol Energy Limited, before Justice M.S. Hassan of the Federal High Court sitting in Ikoyi, Lagos on a 10-count charge bordering on obtaining by false pretense, conspiracy and forgery to the tune of N7,300,000,000.

The complainant had alleged that sometime between January and February, 2017, Danium Energy Services Limited, one of the bank’s customers that enjoy credit facilities, approached the bank to finance three different Purchase Orders for the sale of Automotive Gas Oil, AGO, to Total Nigeria Plc, with a cumulative value of N12,134,700,000.

UCJ, UNILORIN.