By SaharaReporters, New York
The Special Fraud Unit (SFU) of the Nigeria Police says it is investigating a scam by oil subsidy racketeers involving 7,000MT of PMS valued at N832m which was fraudulently diverted with forged documents and then submitted to the Petroleum Products Pricing Regulatory Agency (PPPRA) Abuja for subsidy payment.
According to a press bulletin issued yesterday, a petition by the United Bank for Africa Plc (UBA) to the Commissioner of Police, Special Fraud Unit (SFU) alleged that a facility for the sum of N1b was granted to Ngozi Ofodum of Menol Oil & Gas Ltd in June 2011 to
Friday, 24 August 2012
Police Special Fraud Unit Investigating N832m Oil Subsidy Scam
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment