Oil Thieves Sent Behind The Bar, by Court, Orders Company To Pay Fine Of N100m

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The Lagos State Federal High Court has ordered that a vessel, MV Shirley, should be forfeited to the Federal Government for being used for unlawful conveyance of One Hundred and forty-five thousand (145,000) litres of petroleum products.

MV Shirley was found guilty of four (4) counts charge together with a firm, Sagwe International Limited, and one Abednego Ogede, who was said to be at large.

In a judgment delivered on Wednesday 18th December, 2019 by Justice Rilwan Aikawa, the court said the Economic and Financial Crimes Commission (EFCC) was able to prove the charges against the convicts beyond all reasonable doubts.

He awarded a fine of one hundred million Naira (N100m) against Sagwe International Limited and issue an order for the arrest Ogede who flee.

The judge ordered the penalty of the Ten million naira (N10m) bail bond which was deposited by Ogede’s surety, adding that the surety should be remanded in the prison detention pending the penalty of the money.

In the four counts charge against the convicts, the EFCC told the court that they dealt in one hundred and forty five thousand (145,000) litres of petroleum product without any lawful authority or appropriate licence.

Mr Rotimi Oyedepo, the prosecuting counsel for the EFCC, said the convicts committed the offence on 19th April, 2017.

The prosecuting counsel added that, they acted contrary to Section 19(6) of the Miscellaneous Offences Act, Cap M17 Laws of the Federation of Nigeria year 2004 and were accountable to be punished under Section 17 of the same Act.

The prosecutor said the convicts also violated Section 4 of the Petroleum Act Cap P10 Laws of the Federation of Nigeria year 2004.

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