02/08/2020
How Nigeria was saved from N47.6bn fraud at the NNPC —Afe Babalola
A law firm, Afe Babalola & Co, has revealed how the nation was saved from an attempt to defaud it of about $125 million (N47.6 billion) by an international crime syndicate.
The law firm, which acts as counsel to the Nigerian National Petroleum Corporation (NNPC), claimed in a statement on Saturday that it took due diligence by the national oil company to avert the fraud.
It alleged that there was a failed attempt by an international crime syndicate to intimidate, extort and defraud the NNPC and the Federal Government.
It went on to explain that recent media publications alleging that Nigerian government officials, and NNPC staff, sold 48 million barrels of stolen crude oil, was sponsored by a company, SAMANO SA DE CV, which was linked to the crime.
The law firm said: “The management of the Corporation states emphatically that these publications are replete with falsehoods, offensive, gold-digging and a calculated attempt by the said SAMANO SA DE CV (SAMANO) working in concert with its local and international agents to intimidate, blackmail and extort money from the Federal Government of Nigeria and NNPC.”
It also claimed that Samano first contacted officials of the Federal Government in 2015 indicating that it had been approached by an unnamed group in the People’s Republic of China to buy 48 million barrels of Nigerian crude oil, which they believed to have been stolen from Nigeria.
It further disclosed that the Samano had indicated that the crude was stolen and shipped to China before the inception of President Buhari’s administration in 2015, adding that the company requested that it be allowed to purchase the stolen crude after its recovery by the Federal Government.