Obasanjo’s In-law Jails For Seven-years Over Money Laundering

NEWSMEDIANG.COM

Obasanjo’s In-law Jails For Seven-years Over Money Laundering

Dr John Abebe, the in-law to the former President, Olusegun Obasanjo, has bagged seven years imprisonment for forgery and laundering.

 

Abebe was sentenced after it was established that the prosecution proved its case beyond reasonable doubt. The Economic and Financial Crimes Commission (EFCC) arraigned Abebe, who is a younger brother to the late former First Lady, Stella Obasanjo for forgery.

 

Abebe was first arraigned on July 26, 2018 on a four-count charge of forgery, fabricating evidence, using fabricated evidence and attempt to pervert the course of justice before the Special Offences Court in Ikeja. An oil company, Statoil Nigeria Limited had on June 22, 2010, accused Dr Abebe of forgery.

 

Statoil Nigeria Limited had alleged that the defendant forged parts of a Net Profit Interest Agreement (NPIA) dated November 30, 1995, which was drafted by British Petroleum (BP).

 

It was alleged that he “knowingly forged” a November 30, 1995 letter written by BP Exploration Nigeria Limited to Inducon (Nigeria) Limited. The businessman is accused of “illegally inserting” into page 2 of the said letter “the following statement: “Also note that the ‘Buy-Out Option’ only applies to the pre-production stage of the NPIA. The $4m buy-out is thus irrelevant from production of oil in any of our fields.”

 

According to the EFCC, Dr. Abebe also attempted to “pervert the course of justice” by tendering the allegedly forged November 30, 1995 letter “as a fabricated evidence” in court, in Suit No. FHC/L/CS/224/2010 between Dr. John Abebe, Inducon Nigeria Limited and Statoil Nigeria Limited.

 

Justice Mojisola Dada who convicted Abebe over the offence, gave the convict an option of fine of N50million to be paid within 30days in lieu of imprisonment.

Newsmediang.com

Recent Posts

Niger Retaliates, Imposes Total Visa, Entry Ban on US Citizens in Diplomatic tensions

Niger Retaliates, Imposes Total Visa, Entry Ban on US Citizens in Diplomatic tensions   Niger…

8 hours ago

EFCC Charges Ex-AGF Malami, Son Over Money Laundering

EFCC Charges Ex-AGF Malami, Son Over Money Laundering   The Economic and Financial Crimes Commission…

9 hours ago

Invictus Obi Released From U.S. Prison, Faces Deportation After Serving Fraud Sentence

Invictus Obi Released From U.S. Prison, Faces Deportation After Serving Fraud Sentence   Nigerian businessman…

9 hours ago

Stop Targeting Governors Over Hardship, FG Gets 52% Lion’s Share of Revenue — Katsina Gov

Stop Targeting Governors Over Hardship, FG Gets 52% Lion’s Share of Revenue — Katsina Gov…

2 days ago

IGP ‘Angry’ Over Arrest of FIJ Journalist’s Wife, Nine-Month-Old  Baby, Orders Sanction of Officer

IGP ‘Angry’ Over Arrest of FIJ Journalist’s Wife, Nine-Month-Old  Baby, Orders Sanction of Officer  …

2 days ago

BREAKING: Tax Reform Update- Your NIN Is Now Your Tax ID – FIRS

BREAKING: Tax Reform Update- Your NIN Is Now Your Tax ID – FIRS   The…

2 days ago