£2.6b alleged fraud: Court dismisses Petro Union’s application to quash charges

and Gas Limited, who are currently standing trial over an alleged £2.6 billion fraud.

Justice Liman, however, ruled that the company’s Financial Consultant, Abayomi Kukoyi, had no case to answer, as his involvement in the series of incidents leading to the alleged crime was in a professional capacity. The company’s directors on trial are Kingsley Okpala, Chidi Okpalaeze and Emmanuel Okpalaeze. The anti-graft agency had claimed that the defendants fraudulently procured a cheque from a foreign bank for £2.556 billion under the pretext that it was meant to construct three petrochemical refinery complexes in Nigeria.

They all pleaded not guilty to the charges. The EFCC counsel, Rotimi Jacobs , while challenging the no-case submission application, had maintained that the prosecution had, through its witnesses, established a prima facie case of fraud against the defendants.

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