Young man, accomplice bags 20-yrs jail term in Abuja over $1m oil fraud

Two men named Mahmud A. Mohammed and Ikechukwu Nkwocha-Philip were sentenced to 10 years in prison each without an option of fine for fraud by Justice Olasumbo Goodluck of the Federal Capital Territory (FCT) High Court, Abuja, on Friday.

WITHIN NIGERIA learnt that, the convicts, alongside another convicted company, Al-Maqarinaz International Limited, belonging to Mohammed were arraigned alongside Globtec Resources Limited (third defendant) by the Economic and Financial Crimes Commission (EFCC), on a four-count charge, bordering on conspiracy and obtaining by false pretence to the tune of $1,000,000.00 (One Million US Dollars).

The charge in part reads: “That you Mahmud A. Mohammed being the Chief Executive Officer of Al-Maqarinaz International Limited, Ikechukwu Nkwocha-Philip, Joseph Idoko being the Chief Executive Officer of Globtec Resources Limited (now deceased) and others at large sometime in October 2013 in Abuja within the Judicial Division of the High Court of the Federal Capital Territory did with intent to defraud, conspired among yourselves to obtain the sum of One Million United State Dollars ($1,000,000) from Ismaila Abdulgaffar, the Chief Executive Officer of Emex Oil Ndawta Limited under the false pretence of supplying him with Nigerian Bonny Light Crude Oil via MT AL Albar a claim you knew to be false and thereby committed an offence contrary to Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.”

Young man, accomplice bags 20-yrs- jail term in Abuja over $1m oil fraud
One of the convicts, Ikechukwu Nkwocha-Philip

They all pleaded not guilty, prompting their trial with the prosecution relying on testimonies and evidence of five witnesses to prove its case.

In her, about three hours judgment today, Justice Goodluck noted that the prosecution proved its case beyond reasonable doubt against the first, second and fourth defendants. She further held that there was overwhelming evidence that a vessel, MT AL Albar was never loaded with Nigerian Bonny Light Crude Oil as the convicts claimed they would do for which they fraudulently collected $1,000,000.00 (One Million US Dollars) from their victim, Ismaila Abdugaffar, CEO, Emex Oil Ndawta Limited.

They all pleaded not guilty, prompting their trial with the prosecution relying on testimonies and evidence of five witnesses to prove its case.

In her, about three hours judgment today, Justice Goodluck noted that the prosecution proved its case beyond reasonable doubt against the first, second and fourth defendants. She further held that there was overwhelming evidence that a vessel, MT AL Albar was never loaded with Nigerian Bonny Light Crude Oil as the convicts claimed they would do for which they fraudulently collected $1,000,000.00 (One Million US Dollars) from their victim, Ismaila Abdugaffar, CEO, Emex Oil Ndawta Limited.

She found the convicts guilty on counts three and four, attracting ten years imprisonment, which is to run concurrently, and dismissed counts one and two. The third defendant, Globtec Resources Limited, was not convicted.

Apart from the prison term, the convicts are to refund the $1,000,000 proceed of crime to Emex Oil Ndawta Limited while the third defendant is to refund the sum of $20,000.00 (Twenty Thousand US Dollars) that was initially paid by Emex Oil Ndawta Limited to procure a fiduciary account for it.

The convicts’ journey to prison began in 2016, when the victim, Ismaila Abdulgaffar, CEO of Emex Oil Ndawta Limited petitioned the EFCC, alleging that he paid them a sum of $1,000,000 (One Million United State Dollars) for the purchase of Nigerian Bonny Light Crude Oil, loaded on a vessel: MT AL Albar in October 2013 but could neither get the product nor his money back.

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