The Chairman of the Economic and Financial Crimes Commission (EFCC) Abdulrasheed Bawa, Tuesday told Justice C.A. Balogun of a Lagos State High Court sitting in Ikeja that the correspondences which were earlier admitted in evidence before the court was thoroughly studied in the course of the investigation of the alleged fuel subsidy scam
Bawa, who was giving evidence as the fifth prosecution witness, also told the court that the correspondences further unearthed several activities embarked upon to defraud the Federal Government in fuel subsidy funds.
Abubakar Ali Peters and his company, Nadabo Energy Limited, are standing trial over alleged N1.4billion fraud. They are being prosecuted by the EFCC for allegedly using forged documents to obtain N1,464,961,978.24 from the Federal Government as an oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit (PMS) purportedly imported and supplied by the company.
They pleaded “not guilty” to the charges preferred against them.
Led in evidence by EFCC counsel, Seidu Atteh. Bawa said “We studied the responses from Petrocam and found out that, contrary to the claim of the defendant that Ashland Energy SA was the supplier, it was Petrocam Trading PYT Limited that supplied about 4,500MT equivalent to about 6.5million litres of PMS as against the claim of about 14,000MT of PMS equivalent to about 19.8million litres purportedly supplied by the defendant.
“The response also confirmed to us that the Letter of Credit (LC) No. SPG/DLC/11/0013 is actually in favour of Petrocam and not Ashland Energy as claimed by the defendant’s purported documents.
“We also found out that the daughter vessel, MT St Vanessa, received the product on 2nd December 2011 from a mother vessel, MT Eviridiki, which was contrary to the claim by the defendant that, on the 2nd of December 201, MT Vanessa received the products from MT American Express.”
“The correspondence with the CAC”, he said, “confirmed that Abubakar was among the shareholders and directors of the company and that indeed the company was duly registered.”
In furtherance of the investigation and fallout of the correspondence with Petrocam, Bawa said letters of investigation activities were sent to Enterprise Bank Limited, requesting to be furnished with the copies of instruments used for the utilisation of certain funds in the account of the first defendant.
He further said: “The bank received our original letter, acknowledged the copy and accordingly responded to our letter in writing, attaching copies of the requested documents.
“We equally wrote another investigation letter to Skye Bank Plc for copies of the account opening documents and the statement of account of the first defendant.
“The bank duly acknowledged receipt and also responded in writing, attaching all the requested documents as well as Certificate of Identification.
“We studied the statement of account and found out that the said account is the account that received the subsidy payment of more than N1.4billion on 4th April 2012 in favour of the transaction in the matter before this honourable court.”
According to him, further analysis indicated that “the entire subsidy payment received was utilised by the defendant, including a huge transfer of N850 million to Enterprise Bank, which we found out to be for the liquidation of the LC raised in favour of Petrocam for the actual transaction that took place.”
He further testified that “then Spring Bank was approached by the defendant to finance the said importation. The bank agreed and raised the Letter of Credit valued at $4.8million In favour of Petrocam.”
According to him, the investigation showed that the defendant reached out to one Mr Jide Offor Akpan of International Maritime and Shipping Ltd, who helped to charter MT St Vanessa, adding that “It was the same vessel that received 6.5 million litres on 2nd December 2011 from Petrocam based on the LC that was raised.
“We found out that Q & Q Control Services Limited was engaged by the defendant to witness the ship-to-ship transfer of 6.5 million litres or about 4,500MT of PMS from MT Eviridiki into MT St Vanessa.
“We also found out that St Vanessa only picked products from MT Eviridiki on 2nd December 2011 of 6.5 million litres and discharged the same on behalf of the defendant at Masters Energy depot in Port Harcourt.”
According to him, the findings were contrary to the claims in the documents submitted by the defendant to the Petroleum Products Pricing and Regulatory Agency (PPPRA).
Atteh, had, at the sitting on 10th March 2021, sought to tender correspondences between the EFCC and Petrocam Trading PYT Limited as well as the CAC about the alleged fraud.
He had sought to tender them through Mr Bawa, who is the fifth prosecution witness and the lead investigator.
The defence team, led by E.O. Isiramen, had, however, raised objections to the admissibility of the documents, citing several authorities, including Section 83 of the Evidence Act.
He had argued that the documents sought to be tendered were being brought to the knowledge of the defence, during the pendency of the trial, several years after the case had already commenced.
“The defence should not be taken by surprise,” he had said.
In his response, Atteh had cited several authorities, arguing that, “the difference here is that the documents were not just created by the time they were included as additional proof of evidence”.
Delivering his ruling today, Justice Balogun dismissed the objections raised by the defence as lacking in merit.
About the correspondence between the EFCC and Petrocam, Justice Balogun held that “The documents sought to be tendered were already in existence before this case was filed.
“Petrocam only gave documents of what already took place to the EFCC; and so, there is no surprise for the defence.”
On the objections raised with regards to the admissibility of the correspondence between the EFCC and the CAC, the Judge reminded the defence of its ruling on 2nd February 2021 on a similar argument still being canvassed and said: “The court is still bound by its ruling about certifying officers and payment for certification and shall abide by its earlier ruling. And so, in the circumstance, the objection is overruled.”
Thereafter, the letters of investigation activities written by the EFCC to Petrocam and the CAC as well as the responses from the two agencies were admitted in evidence against the defendants as exhibits O4, O5 and O51.
Following the arguments by the defence and prosecution, citing several authorities, Justice Balogun adjourned till 7th December 2021 for “ruling and continuation of trial”.
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