EFCC docks MD, construction company for N21m oil ‘fraud’ in Kano

The Economic and Financial Crime Commission (EFCC) has arraigned the Managing Director of Faris Construction Company Limited, Salisu Suleiman, and his company on one-count charge of misappropriation of N21 million.

A press statement by EFCC spokesperson, Dele Oyewale, Friday in Abuja, said the company’s boss was arraigned before Justice Hadiza Suleiman of the Kano State High Court sitting in Kano.

He said, “The lone count charge reads: “That you, Salisu Suleiman being the Managing Director of Faris Construction Company Limited and Faris Construction Company Limited on or about June 15 2021 in Kano, within the jurisdiction of this honourable court dishonestly misappropriated the sum of N21 million being payment for the supply of 125,000 litres of Automotive Gas Oil (AGO) to your construction site in Nguru Local Government, Yobe state by SID Oil and Gas Limited and you thereby committed an offence contrary to Section 308 of the Penal Code Law and punishable under Section 309 of the same law.”

He said the accused pleaded not guilty to the charge when it was read to him, prompting Prosecution Counsel, Aisha Tahar Habib, to pray the court for a trial date, while the Defence Counsel, Mardiyya Alasan Dawaki, applied for his bail. Habib opposed the prayer of the defence counsel on the ground that the defendant had jumped an administrative bail earlier granted him by the EFCC.

Justice Suleiman remanded the defendant in EFCC’s custody and adjourned for hearing on the bail application.

Suleiman reportedly received 125,000 litres of Automotive Gas Oil, diesel, on credit from the petitioner, S.I.D Oil and Gas Limited worth N21 million on the ground that he would pay upon receipt of payment from Yobe state government for the supply.

He, however, breached the promise after the Yobe state government had paid him, preferring to lie to the defendant that he had received no payment from the state government.

The petitioner suspected foul play and petitioned the EFCC.

Investigations revealed that the defendant had been paid by the Yobe state government a long time ago, but misappropriated and diverted the money entirely for his personal use.