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- Fresh details person emerged connected however Oluwaseun Ogunbambo, a Nigerian businessman, allegedly forged respective documents to assertion N3.7 cardinal successful a petrol subsidy fraud
- In a newly-released book, Abdulrasheed Bawa, the erstwhile president of the EFCC, revealed wrong details of Ogunbambo’s indictment and prosecution for defrauding the authorities nether the Petroleum Support Fund (PSF) scheme
- Bawa elaborate however the petrol subsidy strategy was utilized to syphon nationalist funds, drafting from his acquisition arsenic a cardinal researcher connected the EFCC’s peculiar squad that probed the 2012 subsidy fraud
FCT, Abuja - Abdulrasheed Bawa, a erstwhile president of the Economic and Financial Crimes Commission (EFCC), has alleged a staggering standard of corrupt practices utilized to siphon nationalist funds nether the guise of substance subsidy payments.
As reported by The Cable, Bawa revealed this successful his book, titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud,’ according to a caller statement.
Source: UGC
Oluwaseun Ogunbambo's alleged fraud
Business Day besides noted Bawa's caller revelation.
In his caller book, "The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud," Bawa exposed however billions of naira were siphoned from nationalist coffers done fraudulent subsidy claims.
The claims progressive "ghost importing, over-invoicing, forged shipping documents, and systemic collusion betwixt corrupt officials and backstage firms."
Legit.ng recalls that Oluwaseun Ogunbambo, the managing manager (MD) of Fargo Petroleum and Gas Limited, was declared wanted by the EFCC successful 2013 for forging respective documents to marque N976.6 cardinal subsidy claims. While helium was connected trial, the embattled businessman besides known arsenic Adekunbo Oladabo Shobowale Benson jumped bail and fled Nigeria.
Bawa divulged successful his caller book:
“Oluwaseun Olubukola Ogunbambo is possibly the biggest fraudster successful the petroleum subsidy fraud. This assertion is not indispensable successful presumption of the magnitude of wealth that is fraudulently accumulated arsenic galore promoters of lipid selling companies made much wealth than Seun.“Mr. Ogunbambo is simply a fraudster wanted successful galore countries for fraud. He was successful the radar of the Republic of Ireland, United States of America (where helium aboriginal served a situation word for fraud and individuality theft), United Kingdom, and Nigeria.“The EFCC was already investigating him for alleged fraud and individuality theft since 2009 and has jumped bail."Having served arsenic EFCC president from 2021 to 2023, Bawa brings penetration into the organization challenges and governmental dynamics that person shaped the anti-corruption combat successful Nigeria.
Source: Facebook
The publication is distributed nationwide by RovingHeights Bookstore.
Meanwhile, successful May 2023, President Bola Tinubu announced the removal of the substance subsidy, though the measurement had further driven up hardship and mismanagement of nationalist funds.
Read much connected Abdulrasheed Bawa:
- DSS releases erstwhile EFCC president Abdulrasheed Bawa, video emerges
- Tears arsenic erstwhile EFCC president Bawa loses mother, details emerge
2027 election: Group berates Bawa
Earlier, Legit.ng reported that a civilian nine group, the Citizens Forum for Transparency and Integrity (CFTI), accused Bawa of conspiring with absorption figures to undermine President Bola Tinubu’s medication up of the 2027 wide elections.
The radical claimed that Bawa held caller meetings successful London with absorption leaders and "third force" actors, adding that the discussions allegedly centered connected utilizing his erstwhile contacts wrong the EFCC to analyse 4 ministers successful Tinubu’s cabinet.
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Source: Legit.ng
