Justice Mojisola Dada of the Special Offences Court, Ikeja on Tuesday convicted and sentenced Mamman Nasir Ali, the son of former PDP chairman, and Christian Taylor to 14 years imprisonment each over a ₦2.2 billion oil subsidy fraud.
Delivering the judgement in case brought against them by the Economic and Financial Crimes Commission, EFCC, the duo were re-arraigned on March 26, 2025, on an amended 57-count charge.
The convicts were re-arraigned alongside their company, Nasaman Oil Services Limited, following fresh revelations that emerged during the course of the investigation.
They were prosecuted over multiple counts including conspiracy to obtain money by false pretence, obtaining money under false pretence, forgery, and the use of false documents.
The EFCC Prosecution counsel, Seiduh Atteh, alleged that the defendants fraudulently obtained ₦2.2 billion from the Federal Government on or about September 9, 2011, under the petroleum subsidy scheme.
According to the prosecution, the accused persons presented forged documents, including a falsified “Gasoline Analysis” report for MT Overseas Limar, purportedly issued by Saybolt Concremat.
Justice Dada held that the prosecution had presented compelling evidence against the defendants, ruling that their actions not only defrauded the government but also undermined the integrity of the nation’s oil subsidy programme.
In addition to the prison sentence, the court ordered the forfeiture of identified assets and bank accounts linked to the fraud.
The court also issued warrants for the arrest of Oluwaseun Ogunbambo and Olabisi Abdul Afeez, two other suspects who remain at large.
