EFCC Arraigns Man For N45.3m Fraud

The Economic and Financial Crimes Commission (EFCC), Lagos Zonal office, on Wednesday, January 8, 2020, arraigned one Mohammed Babagana Alkali alongside his companies, The Million Oil and Gas Limited and Yafandi Oil and Gas Limited, before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos State on a 26-count charge bordering on conspiracy to steal, forgery and stealing to the tune of N45,340,500.00

Alikali was alleged to have between June and August, 2019 in Lagos, with intent to defraud, obtained the sum of N45,340,500.00 (Forty-five Million, Three Hundred and Forty Thousand,Five Hundred) by false pretence from Kain Energy Limited by falsely representing to her that he will purchase Automotive Gas Oil and supply it to Kuramo Industries Nigeria Limited, which representation he knew to be false.