Justice Lateefa Okunnu of a Lagos High Court sitting at Igbosere, on Monday sentenced to 8 years imprisonment each, two oil marketers, George Ogbonna and Emmanuel Morah for defrauding the Federal Government of Nigeria, FGN, of a sum to the tune of N789.6 million through subsidy claims.
The judge found the convicts guilty of a 26-count amended charge of conspiracy, obtaining by false pretence and forgery preferred against them by the Economic and Financial Crimes Commission, EFCC.
Justice Okunnu equally ordered the convicts to return the money they fraudulently collected to the FGN.
Their companies were, however, discharged and acquitted by the court.
The offence according to the EFCC contravenes Section 1 (1,2,3) and Section 8 of the Advanced Fee Fraud and Other Related Offences Act, Laws of the Federation of Nigeria 2006.
The offence is also said to be in contravention of sections 363 and 364 of the Criminal Laws of Lagos State 2003.
Ogbonna and Morah were charged alongside their firms, Downstream Energy Sources Limited and Rocky Energy Limited.
It was the contention of the anti-graft agency that the convicts imported 10, 862 metric tonnes of Premium Motor Spirit, PMS, for which they were paid the said sum by the Petroleum Support Fund (PSF), a claim which EFCC found out to be false.