Abdullah Alao, son of Aare Musulumi of Nigeria, Arisekola Alao was re-arraigned by the Economic and Financial Crimes Commission, (EFCC), on Friday, May 22.
Alao was re-arraigned alongside Opeyemi Ajuah, Majope Investment, and Olarenwaju Olalusi before Justice Lateefa Okunnu of the Lagos High Court sitting in Ikeja.
The accused were re-arraigned on eight-count amended charge of conspiracy, forgery and obtaining money under false pretense.
The suspects were first arraigned before the same court for allegedly obtaining the sum of N1,110,049,444.35( One Billion, One Hundred and Ten Million, Forty Nine Thousand, Four Hundred and Forty- Four Naira, Thirty- Five kobo) fraudulently as subsidy payments for 15,206,733 metric tons of Premium Motor Spirit (PMS) from the Federal Government.
At Friday’s re- arraignment, prosecuting counsel, Seidu Atteh, brought an amended eight-count charge against the suspects, alleging that they obtained the sum of N798,984,707.35 ( Seven Hundred and Ninety Eight Million, Nine Hundred and Eighty Four Thousand, Seven Hundred and Seven Naira, Thirty Five kobo) from the Federal government in unearned subsidy payments for 20,386,583 metric tons of Premium Motor Spirit (PMS).
Alao continues to enjoy bail till October 20; 21; 22; 27; 28, and 29, when trial will continue.
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