16/11/2021
Oil firm’s GMD charged with attempt to defraud CBN of $100m
===== arraigned before a High Court of the Federal Capital Territory
The Federal Government has charged the Group Managing Director (GMD) of Triumph Oil and Gas Madgascar Nigeria Limited, Ibrahim Olanrewaju Mahmud, with an attempt to defraud the Central Bank of Nigeria (CBN) of $100 million.
The GMD of the oil marketing firm, Mr Mahmud, who was arraigned before a High Court of the Federal Capital Territory (FCT) on a six-count charge, was also accused of forging the signatures of CBN Governor Godwin Emefiele; the Special Assistant to the President, Sabiu Yusuf and the GMD of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari.
The Economic and Financial Crimes Commission (EFCC) said Mahmud, who allegedly claimed to be a Deputy Governor in CBN, was said to have taken the forged documents to the apex bank to demand for the payment of $100 million for a contract he claimed his firm was awarded by the apex bank.
Mahmud was said to have also claimed that his firm was engaged to monitor and supervise major Federal Government’s infrastructure projects, forfeited assets and government businesses for which the CBN approved the payment of the $100 million.
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