The ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for an alleged N1.4billion fraud before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja, continued on January 25, 2022, with the cross-examination of the fifth prosecution witness , PW5, Abdulrasheed Bawa, Chairman of the EFCC.

The EFCC is prosecuting Abubakar and his company on a 27-count charge for allegedly using forged documents to obtain N1, 464,961,978.24 from the Federal Government as oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit, PMS, purportedly imported and supplied by the company.

Source:EFCC verified Facebook page