Oil Magnate, Two Others Remanded In Prison Custody Over N50m Crude Oil Fraud

Oil Magnate, Two Others Remanded In Prison Custody Over N50m Crude Oil Fraud

The Port-Harcourt zonal office of EFCC on Tuesday, February 12, 2019
arraigned the trio of Martins Derisoma Ogbanga, Busari Adeyemi, Uwem
Sunday Assan and a company: Dempo Resources Ltd., before Justice I.M
Sani of the Federal High Court, sitting in Port-Harcourt, the Rivers
State capital.

They were arraigned on a 19-count charge bordering on conspiracy and
obtaining money by false pretences to the tune of N50million, contrary
to Section 8 (a) of the Advance Fee Fraud and Other Related Offences
Act, 2006 and punishable under Section 1(3) of the same Act.

Ogbanga and others got into trouble when they allegedly approached
their victim with an offer to supply 1.8million barrels of crude oil to
him, at the cost of N50million.

To convince the victim on the genuineness of the offer, the suspects
allegedly presented several documents purportedly from the Nigerian
National Petroleum Corporation, NNPC. These include: Certificate of
Origin, Certificate of Quality and Authority To Sell Cargo On Board MT
Cosmic Jewel. Others include: Clearance for Inspection/Super Cargo On
Board MT Maritime Jewel, Documentation Receipt, Cargo Manifest and
Master’s Receipt For Samples.

Convinced by the forged documents, the victim allegedly raised the
money for the supply of the crude oil through a bank loan, only to
discover that the offer was a scam. All the three suspects pleaded “not
guilty” to the 19-count charges when they were read to them.