Emmanuel Morah, Others Arraigned For Fuel Subsidy Fraud

Emmanuel Morah and George Ogbonna, Rocky Energy; Ngozi Ekeoma, Chief Executive, Nepal Oil & gas; Ifeanyi Anosike, Anosyke Group of Companies; Adamu Aliyu Maura and eight other suspects were arraigned Friday, October 5, 2012 by Nigeria's Eco nomic and Financial Crimes Commission in connection with part of a multi-billion dollars fraud involving the fuel subsidy program before the Justice Habeeb Abiru Federal High Court sitting in Ikeja, Lagos. The suspects have been accused of being involved in a $23.57 million fraudulent activities while working for five companies. The companies involved are Anosyke Group of Companies, Dell Energy Limited, Downstream Energy Sources Limited, Rocky Energy Limited and Nepal Oil & Gas Company. Nigeria pays twice as much for gasoline and fraudulent deals cost the treasury a whopping $6.8 billion between 2009 and 2011, a parliamentary inquiry found.