Founder, Executive Vice-Chairman of Ontario Oil & Gas Limited, Walter Wagbatsoma, Adaoha Ugo-Ngadi, Fakuade Ebenezer, and Ontario Oil and Gas Nigeria Limited, are facing a N1.9 billion oil subsidy fraud trial for purported importation of 39.2 million litres of petrol. The defendants were re-arraigned in February 2013, on a nine-count charge of forgery, conspiracy, and obtaining by false pretences. A witness of the Economic and Financial Crimes Commission, EFCC, Shehu Mohammed, had testified that the defendants received payment in excess of N414 million by filing fraudulent fuel importation claims. According to EFCC, the suspects are part of numerous fuel marketers standing trial for allegedly defrauding Nigeria by forging documents that enabled them to receive fuel subsidy payments from the Petroleum Support Fund, PSF. At a hearing before Justice Okunnu, Mohammed, who is an EFCC detective, explained that the defendants scammed the Nigerian government and conspired to receive an overpayment of N414 million in fuel subsidies. Prosecutors allege that the marketers carried out their fraudulent scheme by submitting false certificate of shore tank content. Mohammed told the court that the suspects claimed they received 19 million liters of petroleum product, adding that they forged certificates to support their fraudulent claim.]]>