Businessman Arrested for Possession of Fake Oil lifting DocumentsThe
Economic and Financial Crimes Commission, EFCC, has arrested one Alhaji
Umar Audu Bida, chief executive officer, Universal Contractors Limited,
for alleged possession of some documents of the Nigerian National
Petroleum Corporation, NNPC, for the supply of crude to his American
business partner, Donald Laletta, CEO, North Park LLLC.
The
62-year-old suspect, who was picked up by EFCC operatives on Tuesday,
September 15, at his residence on Gumel Road, Kaduna, was in possession
of fake documents pertaining to the lifting of crude by the vessels, MT
Antartic, MT Sonagol Namibe and MT Caped Bowen.
The
suspects, however, said that he obtained the documents from the agents
to the seller-Lambda, Double Wonder and Days Marines Services- who
allegedly claimed to have crude oil for sale.
The complaint alleged that the suspect had attempted to defraud him after signing a Sales and Purchase Agreement, SPA, with him.
The
complainant’s claims that he paid the suspect, who acts as his agent in
Nigeria, the sums of $8m, $10m and $12 at different times, and that he
raised a letter of credit, via a courier company, in favour of
Universal Contractors Limited to the tune of $100m (One Hundred Million
Dollars). are being investigated by EFCC.
Head, Media & Publicity
17th September, 2015
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