EFCC Arraigns Arisekola’s Son Again Over Subsidy Fraud

The Economic and Financial Crimes Commission has further
amended the charges it filed against the son of late Ibadan business magnate,
Alao Arisekola, Abdullahi, over alleged fuel subsidy fraud.

In the latest amended charge read to Alao and his company,
Axenergy, on Wednesday, the accused were said to have allegedly obtained a sum
of N2.6bn from the Federal Government under false pretence.

The amended six counts before Justice Olabisi Akinlade of a
Lagos State High Court in Igbosere also bothered on forgery, use of forged
documents and uttering.

It was the third time that the EFCC would be amending the
charges filed against Alao.

The commission, in the latest amended charge, particularly
accused him and his company of obtaining the N2.6bn from FG under the guise
that it was the subsidy sum on 33.3 million litres of Premium Motor Spirit purportedly
imported into the country from Europe.

The anti-graft commission said the offence was contrary to
Section 1 (3) of the Advance Fee Fraud and other Fraud Related Offences Act,
2006.

But upon reading the charges to the accused, they pleaded
not guilty.

Alao was first arraigned on July 26, 2012, before Justice
Habeeb Abiru, who has now been elevated to the Court of Appeal.

He was then granted bail in the sum of N100m with two
sureties in like sum.

The ongoing trial before Akinlade could, however, not
proceed on Wednesday as the prosecution failed to bring its witnesses to court.

The prosecutor, Anslem Ozioko, had told the court that the
two witnesses he intended to bring to court were indisposed.

He therefore urged the court to grant him a short
adjournment.

But the defence counsel, Prof. Taiwo Osipitan (SAN), who
said he had had to cancel a trip to Abuja just to appear in court, expressed
disappointment over the development.

The judge, however, conceded to an adjournment and fixed May
13 and 14, 2015, for continuation of trial.

Source: Punch