EFCC Arraigns Businessman For N9.5Million Oil Fraud!!

The Economic and Financial Crimes Commission,
EFCC, on Thursday, December 17, 2015,
arraigned one Oghenemi Michael Morowei,
Managing Director, Standard Allied Universal
Concept, before Justice Valentine Ashi of the
High Court of the FCT, sitting in Apo, Abuja on a
nine-count charge bordering on obtaining money
by false pretence.
The suspect is being prosecuted for allegedly
conspiring with other members of an oil
syndicate to sell a consignment of crude oil
from the Nigerian National Petroleum
Corporation, NNPC, to Bascom Energy Limited.
One of the counts reads: ''That you, Oghenemi
Michael Morowei( a.k.a. Fubara Dan Jumbo,
Boma Harry, Peterson Harry and Elder Dan
Jumbo) trading under the name and style of
Standard Allied Universal Concepts, George Olotu
( at large), Bowoto Sunny Ola( at large) and
Engr. Abiye Jumbo( at large) between 7th
March, 2014 and 19th March, 2014 at Abuja
within the jurisdiction of the High Court of the
Federal Capital Territory did with intent to
defraud obtain the sum of N8,000,000( Eight
Million Naira only) from Bascom Energy Limited
under the false pretence that same was payment
for crude oil product which pretence you knew to
be false.''
Another count reads: ''That you , Oghenemi
Michael Morowei(a.k.a. Fubara Dan Jumbo,
Boma Harry, Peterson Harry and Elder Dan
Jumbo) trading under the name and style of
Standard Allied Universal Concepts, George Olotu
( at large), Bowoto Sunny Ola( at large) and
Engr. Abiye Jumbo( at large) on the 11th of
February, 2014 at Abuja within the jurisdiction of
the High Court of the Federal Capital Territory
did with intent to defraud obtain the sum of
N1,500,000( One Million Five Hundred Thousand
Naira) from one Bascom Energy Limited under
the false pretence that same was payment for
crude oil product which pretence you knew to be
false.''
The accused person pleaded not guilty to all the
charges when they were read to him.
Following his plea, the defence counsel, Alex
Akunebu, moved the application for bail on
behalf of his client and assured the court that
he (the accused person) would not jump bail.
However, prosecution counsel, Cosmos Ugwo,
urged the court to refuse the application.
Justice Ashi however granted the accused
person bail in the sum of N50m with two
sureties in like sum.
The sureties, who must be resident within the
jurisdiction of the court, must produce certified
evidence of ownership of landed property and
must always produce the accused person in
court in subsequent proceedings, failing which
they would be liable to pay the sum of N250m
each.
The case has been adjourned to February 25,
2016 for commencement of trial.