EFCC Arraigns Two for Defrauding Fidelity Bank of N7.3bn in Phoney Oil Deal

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The Economic and Financial Crimes Commission, EFCC, on Thursday, arraigned the duo of Ejere Kelvin Chris and Edoma Omagha before Justice A. M. Nicol-Clay of the State High Court sitting in Igbosere, Lagos on a 10-count charge bordering on conspiracy and forgery to the tune of N7.3billion (Seven Billion, Three Hundred Million Naira).

The accused were charged alongside Kehinde Eliot Ogbor, Danium Energy Services Limited, Sibet Oil Services Limited, Loveth Miyemi Ogbor and Rhombi Energy limited, who are all at large.

Danium Energy Services Limited allegedly approached the petitioner, Fidelity Bank Plc, between January 17 and February 9, 2017, to finance three different purchase orders for the sale of Automotive Gas Oil (AGO) to Total Nigeria Plc, with a cumulative face value of N12, 134,700.000(Twelve Billion, One Hundred and Thirty- four Million, Seven Hundred Thousand Naira) .

Thereafter, the bank allegedly financed two of the purchase orders to the tune of N7.3billion, after due confirmation from Total Nigeria Plc. The products were allegedly supplied by Sibet Oil Services Limited and Rhombi Energy Limited and discharged at the Ibeto Tank farm, Apapa. The bank was said to have engaged an independent surveyor, International Logistics and Fulfillment Services Limited, which confirmed the existence of the products at Ibeto Tank Farm as well as the Department of Petroleum Resources.

However, when the bank approached Total Nigeria Plc for repayment, it was discovered that the purchase orders were forged by the accused persons.

One of the counts reads:

“That you , Ejere Kelvin Chris, Edoma Omagha, Kehinde Eliot Ogbor (at large), Danium Energy Services Limited (at large), Sibet Oil Services Limited (at large), Loveth Miyemi Ogbor (at large) and Rhombi Energy Limited (at large) sometime between the months of January, 2017 andFebruary, 2017 at Lagos, within the jurisdiction of this honorable court, conspired amongst yourselves to dishonestly convert and steal the cumulative sum of N7.3 billion (Seven Billion, Three Hundred Million Naira) only.”

The accused persons pleaded not guilty to the counts.

 


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