Two oil marketers, Yusuf Kwande and Osahon Asemota as well five companies have been charged before Justice Mojisola Dada of an Ikeja Special Offences Court over alleged $8.4 million fraud.
Charged along the two oil tycoon are five companies, namely Trafigura Beheer BV, Trafigura PTE Ltd, Mettle Energy and Gas Ltd, Renbrandt Ltd and Jil Engineering and Oil Services Ltd. They are to be arraigned on a three-count charge of conspiracy to commit a felony, stealing and receiving stolen property.
The prosecuting counsel, Mr. E.A. Jackson of Special Fraud Unit (SFU), an arm in the Nigerian Police Force, alleges that the defendants committed the offences in 2008 in Lagos.
According to the charge sheet, the two defendants: Kwande and Asemota, alongside Trafigura PTE Ltd, Mettle Energy and Gas Ltd and Renbrandt Ltd committed the offence of stealing between October 22 and December 15, 2008.
The SFU alleged that at the office of Trafigura Beheer BV located at 20A Sinaro Daranijo St., off Ligali Ayorinde St., Victoria Island, Lagos, they fraudulently converted 6.4million metric tonnes of Automated Gas Oil (AGO). The allegedly stolen AGO is worth $8.4 million belonging to Nadabo Energy Ltd.
The SFU is also alleging that another company - Jil Engineering and Oil Services Ltd fraudulently received the stolen AGO, which had been under the legal custody of Spring Bank, Victoria Island, Lagos. The offences contravene Sections 383(1), 427 and 516 of the Criminal Code 2004.Justice Dada, however, is yet to fix a date to hear the case, which was assigned to her court during the annual vacation, which ended on September 11.