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| [FILE PHOTO] EFCC |
A whistle blower has alerted the Economic and Financial Crimes Commission (EFCC) to a N10 billion fuel subsidy scam involving a Lagos businesswoman.
Consequently, the anti-graft agency is now trailing the woman and her companies, identified as Nepal Oil & Gas Services Limited, Carnival Energy Oil & Gas Limited, Caades Oil & Gas Limited and other offshore companies allegedly involved in a series of scams estimated at over N10 billion.
The whistleblowing, routed through a legal firm, hinted EFCC about the scam through a petition, which was sighted by The Guardian, and dated November 6, 2018.
Federal Government’s whistle-blowing policy is an anti-corruption programme that encourages people to voluntarily disclose information on fraud, bribery, looted government funds, financial misconduct, theft of government assets and other forms of corruption.
Government had promised to reward whistle-blowers who provide information on any financial misconduct or tip-off on any stolen funds with between 2.5 per cent and 5 per cent of the recovered funds.
The policy was launched on December 21, 2016 and facilitated through the Federal Ministry of Finance.
As at 2018, the implementation of the policy raked in N9.12 billion into government coffers, as officials gave the figures to be N7.8 billion, $378 million and 27,800 pounds.
In the petition, the whistle blower stated that, “In the spirit of patriotism and in consonance with the whistle blowing policy, it is the brief and intention of our client to reveal a typical crime cycle, particularly with regards to subsidy during the Petroleum Subsidy Fund Scheme perpetrated by the suspect.”
The alleged acts of the suspect, identified as Mrs. Ngozi Ekeoma and her companies, were perpetrated between 2011 and 2012.
The whistle blower attached documents to his claims with evidence of transfer of Premium Motor Spirit (PMS) meant for Nigeria but diverted to vessels that ferried the product overseas.
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Consequently, the anti-graft agency is now trailing the woman and her companies, identified as Nepal Oil & Gas Services Limited, Carnival Energy Oil & Gas Limited, Caades Oil & Gas Limited and other offshore companies allegedly involved in a series of scams estimated at over N10 billion.
The whistleblowing, routed through a legal firm, hinted EFCC about the scam through a petition, which was sighted by The Guardian, and dated November 6, 2018.
Federal Government’s whistle-blowing policy is an anti-corruption programme that encourages people to voluntarily disclose information on fraud, bribery, looted government funds, financial misconduct, theft of government assets and other forms of corruption.
Government had promised to reward whistle-blowers who provide information on any financial misconduct or tip-off on any stolen funds with between 2.5 per cent and 5 per cent of the recovered funds.
The policy was launched on December 21, 2016 and facilitated through the Federal Ministry of Finance.
As at 2018, the implementation of the policy raked in N9.12 billion into government coffers, as officials gave the figures to be N7.8 billion, $378 million and 27,800 pounds.
In the petition, the whistle blower stated that, “In the spirit of patriotism and in consonance with the whistle blowing policy, it is the brief and intention of our client to reveal a typical crime cycle, particularly with regards to subsidy during the Petroleum Subsidy Fund Scheme perpetrated by the suspect.”
The alleged acts of the suspect, identified as Mrs. Ngozi Ekeoma and her companies, were perpetrated between 2011 and 2012.
The whistle blower attached documents to his claims with evidence of transfer of Premium Motor Spirit (PMS) meant for Nigeria but diverted to vessels that ferried the product overseas.
In this article: