ALLEGED N1.4BN OIL FRAUD: EFCC RE- ARRAIGNS NADABO ENERGY BOSS, ALI PETERS, FIRM IN LAGOS . (PHOTO). #PRESS RELEASE

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 Alleged N1.4bn Oil Fraud:  EFCC Re- arraigns Nadabo Energy Boss, Ali Peters, Firm in Lagos  The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Tuesday, March 31, 2026, re-arraigned Nadabo Energy Boss, Abubakar Ali Peters, for an alleged N1.4 billion oil fraud before Justice Ismail Ijelu of the Lagos State High Court sitting in Ikeja. Peters alongside his company, Nadabo Energy Limited, was previously standing trial before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja. However, the matter was re-assigned to Justice Ijelu, following Justice Balogun’s retirement. The defendants are being prosecuted by the EFCC on a 27-count charge bordering on the alleged use of forged documents to obtain the sum of N1,464,961,978.24 from the Federal Government as oil subsidy. One of the counts reads: "Nadabo Energy Limited and Abubakar Ali Peters, on or about the 3rd day of April, 2012, at Lagos, within the Lagos Judicial Division,...

LASG ALLAYS FEARS OVER ARREST OF 123 SUSPECTS BY SPECIAL TASK FORCE.{PHOTOS}.#PRESS RELEASE.

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      The Lagos State Government wishes to state that the arrest of 123 Suspects by the State Task Force was a routine security check.
On the directives of the State Commissioner of Police, Mr. Zubairu Muazu, the arrested suspects have been moved to the State Police Command where they are being profiled and if nothing incriminating is established against them, they will be released immediately.
In a statement today, the Commissioner for Information and Strategy, Mr. Gbenga Omotoso affirmed the State Government's commitment to the security and well being of law abiding residents of the State, noting that the mass movement of the arrested suspects with large quantity of used motorcycles aroused the suspicion of Lagosians who duly alerted men of the State Task Force.
Mr. Omotoso further said that Lagos is haven for law abiding residents, and foreigners with legitimate intentions.
The Lagos State Government allayed the fears expressed, especially on the Social Media that the arrests were directed at a particular section of the country, stressing that this is the handiwork of mischief makers.
It must be emphasised that the checks and arrest made by men of the Lagos State Task Force, was a proactive step, against speculated cases of Boko haram insurgency and banditry attacks across the nation. The case on hand, is purely a security matter which the Lagos Police Command is capable of handling professionally.The administration of Mr. Babajide Olusola Sanwo-Olu has clearly stated that Lagos is home for all, and will continue to make it, the most preffered destination in the world.

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