The Economic and Financial Crimes Commission (EFCC), Thursday arraigned an oil marketer, Mohammed Babagana Alkali before an Ikeja Special Offences Court, Lagos over an alleged N45 million fraud.
Alkali was charged alongside his companies; The Million Oil and Gas Limited and Yafandi Oil and Gas Limited.
The oil marketer and his companies were docked on a 26-count charge bordering on conspiracy, forgery, obtaining money by false pretences and retaining a stolen property.
The EFCC prosecutor, Joy Amahian, told the court that the defendant used his two companies to dishonestly convert the sum of N45,340,500.00 property of Ken Energy Limited into his own personal use.
The prosecutor further alleged that the defendant, sometime in 2019, forged a signature of Kuramo industries Nigeria Limited in a document titled “Invoice” with No. 0001083 dated July 29, 2019 which he purported was signed by Kuramo industries.
However, according to the charges: “Mohammad Babagana Alkali sometime in 2019 in Lagos knowingly forged a document titled ‘Purchased Order’ with LPO No. 00/06/001 Dated 27th June 2019 which he purported to have been issued by Kuramo Industries (Nigeria) Limited.”
The commission also alleged that the defendant forged a signature of Kuramo Industries Nigeria Limited in a document titled “Delivery Note” with No 001031 dated 1st July 2019.
The defendant, however, pleaded not guilty to the charge preferred against him by the EFCC.