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N1.3billion Subsidy Scam: We Never Issue Marine Cover Certificate to oil Marketer - Consolidated Insurance Coy

A Federal High Court sitting in  Lagos south west Nigeria has adjourned till  May 15th and 17th the criminal trial of a petroleum marketer, Olaniran Ogundipe, and his company, Petroleum Broker Nigeria Limited. The oil marketer and his company are facing trial for allegedly  defrauding the Nigerian government to the tune of  N1.3 billion in fuel subsidy payments. 
At the resumed trial of the accused today one of the prosecution witness Mrs Runsewe Falana tendered some documents which were admitted in evidence. 
Under cross examination from the defence counsel , Mr Ayoade Olumofin, the prosecution witness told the court  that her company  Consolidated Hallmark insurance company never issued marine Insurance Certificate documents which they used to obtain the sum of N1.3 billion from the Federal Government. 
Falana  said Petrolium Broker Limited never made a disclosure about the existence of the insurance certificate nor did any premium paid. 
She added they got to know about the certificate when her company was invited to the Police Special Fraud Unit Prosecutors.
    On March 19, 2014,Special Fraud Unit of the Nigerian Police force arraigned  Olaniran Ogundipe and his company Petroleum brokers Limited before the court. 
In an amended criminal charge filed before the court,the accused  and other persons now at large were alleged to have illegally  obtained the sum of N1.323, 162, 160.76 billion as subsidy from the Federal Government of Nigeria under false pretense. The accused, were said to have committed the offence between the months of January and April, 2011, reportedly claimed that they imported and sold 17,837,160 liters of fuel. 
The accused reportedly claimed they had brought in the fuel on MT Aidin (formerly known  MT Stena FR8). 
According to prosecution the accused  also forged import and vessel documents which they used to obtain the sum of N1.3 billion from the Federal Government Ogundipe and his firm were also alleged to have forged a Certificate of Quality, which they claimed was issued by SGS Inspection Services Nigeria Limited, and used same to obtain the subsidy payment. 
The offences alleged to have been committed by accused oil marketer and his oil company were said to have violated Sections 8(c),1(1)(a),(3) of the Advance Fee Fraud and Other Related Offenses Act, 2006, and Sections 1(2)(c) of the Miscellaneous Offenses Act, Cap. M17, Laws of the Federation of Nigeria, 2006, and Sections 467(1) and 467 of the Criminal Code, Laws of the Federation of Nigeria. 
Ogundipe, who entered a plea of not guilty, is currently on bail. 
Meanwhile the trial judge Justice Hadiza Shagari has adjourned the matter till May 15th and 17th for continuation of trial


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