Police hunt for oil marketers over N6.1bn fraud

The Special Unit Fraud of the Nigeria Police Force says it is on the trail of two oil marketers, Ayinde Bukola and Tony Onoh.

The SFU explained that Bukola, who was the Managing Director of Tubbs Marine and Energy Limited, and Onoh, the Managing Director of Eurafic Oil and Coastal Services Limited, had questions to answer in connection with N6.1bn fuel subsidy payment fraud.

A statement by the SFU Commissioner of Police, Mr. Tunde Ogunsakin, said, “Eurafric Oil and Coastal Services Limited was granted permit to import petrol between 2010 and 2011.

“Based on the company’s claim that it had imported 85,519,068 litres of petrol into the country in six transactions, it received payment of N6,130,006,149.30 as subsidy from the Federal Government.

“Investigation, however, revealed that Eurafric did not execute the transaction as claimed, but rather traded off the permit to a third party.”

Both suspects were said to have conspired with others at large and arranged forged documents with which the sum of another N2bn subsidy claims was received from the Federal Government.

“Efforts to locate Bukola at her last known addresses at 95 Awolowo road Ikoyi and 5 Bombay Crescent Apapa have proved abortive; so also are efforts to locate Onoh at his last known address at Plot 24B Marinho Drive, Victoria Island, Lagos.

“Anybody with useful information regarding their whereabouts should contact the CP SFU Ikoyi, Lagos,” the statement added.

Copyright PUNCH.