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,...

AREWA YOUTHS TELL TINUBU GOVT: NO GOING BACK ON PLANNED PROTEST ON #END-BAD-GOVERNANCE IN NIGERIA. (PHOTO).


 Arewa Youths Tell Tinubu Govt: No Going Back On Planned Protest On #EndBadGovernanceInNigeria


The group also debunked the rumours making the rounds that it had shelved the mass action saying the information was false and misleading just as it called on Nigerians to ignore it.


The Arewa Youth Ambassadors, a northern group, has vowed to continue with the planned protest scheduled to commence on August 1, aimed at expressing its dissatisfaction with President Bola Tinubu’s anti-people policies.


 


The group also debunked the rumours making the rounds that it had shelved the mass action saying the information was false and misleading just as it called on Nigerians to ignore it.


This was disclosed in a statement signed by the National Coordinator, Yahaya M. Abdullahi in Abuja on Saturday. 


The statement read “The narrative making the rounds that the Arewa Youth Ambassadors had shelved its planned protest aimed at expressing its dissatisfaction with President Tinubu’s anti-people policies is at best false and at worst misleading.


“Let's be categorical, there is no going back on our words, as the protest is scheduled for 1st August, 2024. Everywhere in the world, people make government, not the other way round. But why should the government brought about by the people in Nigeria be only for those in the corridors of its power?


 


“If the President Tinubu-led government is for Nigerians as a whole, why on earth the false pretences? It's so sad and pathetic that sufferings have become unspeakable and pervasive, while the power that is keeps on looking the other way.


“We wish to make it clear that the protest becomes necessary considering the insecurity that spirals upward coupled with incessant food and fuel crisis, unemployment and high cost of living bedevilling our region in particular and the country in general.


“Arewa Youth Ambassadors state beyond any doubt that the protest will happen on the slated date unless the government reverses its policies that have given rise to gruesome hunger and multidimensional poverty in the land.


“Is Nigeria not even on the brink of revolution? Perhaps if anything has failed to strike a cord for its outbreak, President Tinubu's starvation scheme surely will. Because Nigerians would rather be killed on the streets by the security forces being paid through their taxes than be laid to death by hunger in their homes, and maybe on or in their beds. And, you know, hunger knows no bounds.


"Therefore, as a group of peaceful citizens, we are left with no option than to protest the anti-masses tendencies that President Tinubu-led government continues to introduce on daily basis."

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