18th June, 2013
There is no reprieve yet for the Managing Director and CEO of Stonebridge Oil Ltd, Mr. Samuel Owa who is currently in the custody of Special Fraud Unit of Nigeria Police. As four-count criminal charge of conspiracy, obtaining under false pretence has been filed against him, his company, Vibrant Ventures and Olori Onassis Wagutom.
The Special Fraud Unit of Nigeria Police Force are making effort to arraign them today as of the time of going to the press.
In the four-count criminal charge, FHC/L/218c/13 filed before a Federal High Court in Lagos by police prosecuting counsel Effiong Asuquo, it was alleged that Stonebridge Oil Ltd, Samuel Owa, MD/CEO, of Stonebridge Oil Ltd, Vibrant Ventures and Olori Onassis Wagutom, a cargo superintendent/surveyor of Vibrant Ventures between the month of June/July 2011 in Port Harcourt, conspired together with other persons now at large to commit a felony to wit obtaining money under false pretence.
It was further alleged that Stonebridge Oil Ltd, Samuel Owa, MD/CEO of Stonebridge Oil Ltd, other persons now at large during the month of June and July 2011 in Port Harcourt with the intention to defraud, obtained the sum of N1,784,715,258,14 fuel subsidy from the Federal Government of Nigeria by falsely pretending that they have imported and discharged 15,000 metric tonnes of premium motor spirit (PMS) via Vessel MT, Brave, Exstarling, Exmtpysis Delta.
At the time of filing this report, efforts were being made by the Nigeria police from Special Fraud Unit to bring the accused to court for arraignment.