Tuesday, 24 July 2012

EFCC to arraign PDP chairman’s son, Mahmud Tukur, Nuhu Ribadu (ACN), others for subsidy fraud

Barring any last-minute change in its plan, the Economic and Financial Crimes Commission (EFCC) will on Tuesday, at the High Court of Lagos, arraign the first batch of companies believed to have defrauded the country in subsidy claims totalling over N2.7trillion.

Investigations shows that at least six company executives including Mahmud Tukur, the son of the National Chairman of the People’s Democratic Party (PDP), Bamanga Tukur, would docked to answer questions over their involvement in the monumental fuel scam.

Mahmud is the Managing Director/Chief Executive Officer of Eterna Oil Plc, which was indicted in the report, and listed by the Federal Inland Revenue Service (FIRS) among companies that reportedly benefited from the Petroleum Support Fund (PSF) Scheme, but defaulted in their tax obligations.

Others to be indicted are: the former Action Congress of Nigeria (ACN) presidential running mate to Nuhu Ribadu in the 2011 election, Fola Adeola, who is the Chairman of the Board; Boyi Tukur and Ojo Michael Ade, owner of Elizade Motors, a Toyota dealership.Ahmadu Ali (former PDP Chairman).

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