After 13 years of trial delays, Lagos court jails ex-PDP chairman’s son, Ali, one other for petrol subsidy fraud
They did this by falsely claiming that the sum of N749,991,273.36 represented subsidy accruing to Nasaman Oil Services Ltd under the Petroleum Support Fund for the importation of 10,031,986 litres of Premium Motor Spirit (PMS), which Nasaman Oil Services Ltd purported to have purchased from SEATAC Petroleum Ltd of British Virgin Islands.
It was also claimed that the PMS was imported into Nigeria through MT Liquid Fortune Ltd Ex MT Overseas Lima, which representation you knew to be false.”
They did this by claiming that the sum represented subsidy accruing to Nasaman Oil Services Ltd under the Petroleum Support Fund for the importation of 20,492,982.50 litres of Premium Motor Spirit (PMS), which Nasaman Oil Services Ltd purported to have purchased from SEATAC Petroleum Ltd of British Virgin Islands.
It was further claimed that the PMS was imported into Nigeria through MT Liquid Fortune Ex MT. Hellenic Blue and Ex MT. Milleura, which representation you knew to be false.”
