Oil firm’s directors remanded for ‘£2.55b Barclays Bank scam’

By Robert Egbe

Federal High Court in Lagos on Thursday remanded four directors of Petro Union Oil and Gas Limited in custody of the Economic and Financial Crimes Commission (EFCC).

This followed their arraignment for alleged £2.556 billion scam.

The directors are: Abayomi Kukoyi (Trading under the name and style of Gladstone Kukoyi & Associates), Prince Kingsley Okpala, Prince Chidi Okpalaeze and Prince Emmanuel Okpalaeze.

They were accused of, among others, forging a Barclays Bank cheque and attempting to use it to obtain £2.556 billion from the Central Bank of Nigeria (CBN) in three fake refineries scam.

Each defendant pleaded not guilty.

EFCC counsel Rotimi Jacobs (SAN) prayed the court to remand the men in Nigerian Correctional Services custody, pending trial.

But the defendants, through their counsel Olasubomi Adegbemisoye and Bashir Ramon, informed the court that they would apply for bail.

They persuaded the judge to remand them in the anti-graft agency’s custody, on…

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