Subsidy Scam: Court Jails Rowaye, Company 104 years

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Justice Adebukola Banjoko of the High Court of the Federal Capital Territory sitting in Gudu, Abuja, on Friday, April 7, 2017convicted and sentenced Jubril Rowaye, an oil marketer, to a hundred and four years imprisonment over N1.05billion subsidy fraud charge preferred against him by the Economic and Financial Crimes Commission, EFCC.

In the landmark judgment that lasted about five and half hours, Rowaye was convicted along with his company, Brilla Energy Limited, and another firm, Alminnur Resources Limited, to which the permit to import 10,000metric tonnes of Premium Motor Spirit (petrol) into Nigeria was issued in 2011.

Rowaye and Brilla Energy Limited were arraigned alongside Saminu Rabiu and his company, Alminnur Resources Limited, on October 17, 2012 on a 17-count charge of conspiracy and fraud.

However, the charge was amended following the death of Rabiu, who died on October 7, 2014, after the prosecution had closed its case with 12 witnesses, in order to delete his name as a defendant in the suit.
The other three (Rowaye, Brilla and Alminnur) were subsequently re-arraigned on February 12, 2016.

After diligent prosecution of the case by counsel to EFCC, Sylvanus Tahir, Justice Banjoko convicted and sentenced Rowaye on 14 out of 17 counts preferred against him by EFCC.
On Counts 1 and 2, Rowaye and the two oil companies (Brilla and Alminnur) were sentenced to 10 years imprisonment each without an option of fine. Additionally, on count 2, which bordered on how the convicts fraudulently obtained over N1.05billion from the Petroleum Support Fund as payment for importation of 10,000 tonnes of PMS, the judge ordered the convicts to pay by way of restitution the sum equivalent to the loss sustained by the victim, which is the federal government.
On Counts 3, 4, 5, 6, 7, 8, 9, 10, 11, 15, 16 and 17, the three defendants were sentenced to 7 years imprisonment with option of fine of N5million each. The court, however, discharged Rowaye, Alminnur and Brilla on counts 12, 13 and 14.

“The sentences are to run concurrently, while the penalty sentencing are to run consecutively”, said Justice Banjoko.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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