The
Abuja Division of the Court of Appeal, on Monday, December 7, ordered
Yanaty Petrochemical Limited, an oil marketing company, to submit itself
for investigation by the Economic and Financial Crimes Commission,
EFFC, over an alleged N1, 840, 768, 720 petroleum subsidy fraud.
The
EFCC had dragged the defendant before the appellate court to set aside
the judgment of Justice Adeniyi Ademola of the Federal High Court,
Abuja, that ALL investigations into the alleged petroleum subsidy fraud
against the defendant had been concluded.
Delivering
the unanimous ruling, Justice E. J. Ekanem said Justice Ademola’s
judgment was an undue interference with the statutory power of the EFCC
which basic function, among others, is to investigate economic and
financial crimes.
Justice
Ekanem further held that the EFCC had a measure of discretion ‘‘to
determine whether an investigation should continue, has been concluded
or be re-opened.’’
Yanaty’s
Managing Director, Elias Adeojo, was given approval by the Petroleum
Products Pricing Regulatory Agency, PPRA to import 30,000 tons of
premium motor spirit, PMS under the Petroleum Support Scheme in the
first quarter of 2011.
The
defendant claimed he imported 31, 256 .992 metric tons equivalent to
42, 171, 630 million litres in March, 2011 via MT Beaver.
Yanaty purportedly discharged the product at Lister Oil Jetty, Lagos, which is managed by Oando Marketing Plc.
As
a result, Yanaty allegedly received the sum of N2, 731, 942, 103.73 as
subsidy for purportedly discharging 42, 773, 279 million litres of PMS.
However,
during investigation, Oando, operator of Lister oil jetty, disclosed
that MT Beaver discharged only 10, 187.353 metric tons, which is
equivalent to 13, 952.926 million litres) of PMS for Yanaty, as opposed
to 31, 256.992 it claimed to have discharged.
Yanaty,
therefore, allegedly received the sum of N1, 840,768,720(One Billion
Eight Hundred and Forty Million, Seven Hundred and Sixty Eight Thousand,
Seven Hundred and Twenty Naira) as unearned subsidy from the Federal
Government.
Counsel
to the defendant, Michael Anache, had filed a case against the PPRA and
its Executive Secretary before Justice A. R. Muhammed of the Federal
High Court, Abuja, seeking a declaration that all investigations against
them by law enforcement agencies had been concluded.
Though the EFCC was not joined in the suit before Justice Muhammed, judgment was given in favour of Yanaty.
Also,
in an effort to prevent further investigation into its activities,
Yanaty, thereafter, filed another case against the EFCC before Justice
Adeniyi Ademola of the Federal High Court, Abuja, seeking an
interpretation of the judgment delivered by Justice Muhammed.
It
urged Justice Ademola to rely on the earlier judgment delivered by
Justice Muhammed declaring that all investigations against it( Yanaty)
had been concluded.
However,
while moving his plea at the last sitting, counsel to EFCC, Sylvanus
Tahir, told the court that EFCC was not joined in the first suit before
Justice Muhammed.
Reacting
to today’s ruling, Tahir further said: ‘‘The ruling today is a
vindication of our appeal against the judgment of the lower court,
which made an order restraining EFCC from further investigation and
interrogation of Yanaty and its officials on the grounds that
investigation against the company had been concluded.
‘‘We
insisted that investigation was ongoing because the case is clear. EFCC
started investigation against Yanaty in February, 2012. But while it
was subsisting, they surreptitiously filed a case against the PPRA and
its former executive secretary, without joining EFCC. The core issue in
that case was whether the Advance Payment Guarantee, APG, issued by
Sterling Bank Plc in favour of PPRA still subsisted or had expired. It
has nothing to do with the fact that they had been investigated or that
the issue had been concluded. Two agencies of government are primarily
charged with this investigation: EFCC and the Special Fraud Unit. Yes,
the House of Representatives Adhoc Committee on Petroleum (downstream)
as well as the Aig- Imokhoude-Led Committee did some fact-finding
investigations. But, at the end of their investigations, they turned in
their reports to EFCC for further investigation and that was what EFCC
was on before they went to court.
‘‘The essence of
this judgment is that we possess the power and discretion to
investigate cases. It has started, but not yet concluded. Also, no
security agency has issued any certificate of clearance that, Yanaty is
not culpable.’’
Wilson Uwujaren
Head, Media & Publicity
7th December, 2015
No comments:
Post a Comment