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Fraud

Oil Merchants Sentenced to 14 Years in Prison for N2.2 Billion Oil Subsidy Fraud

Strategic Insights

— 1 min read

Justice Mojisola Dada of the Lagos State Special Offences Court, Ikeja, has handed down a 14-year prison sentence to oil merchants Mamman Nasir Ali and Christian Taylor for their involvement in a N2.2 billion oil subsidy fraud. The duo was found guilty of conspiracy to obtain money by false pretence, obtaining money under false pretence, forgery, and the use of false documents. Their company, Nasaman Oil Services Limited, was also implicated in the scam. The court ordered the forfeiture of all identified assets and bank accounts linked to the fraud, as well as issued warrants for the arrest of two other suspects still at large.

Key Takeaways:

  • Justice Mojisola Dada of the Lagos State Special Offences Court, Ikeja, sentenced Mamman Nasir Ali and Christian Taylor to 14 years in prison each for their role in a N2.2 billion oil subsidy fraud.
  • The duo was found guilty of conspiracy to obtain money by false pretence, obtaining money under false pretence, forgery, and the use of false documents.
  • Their company, Nasaman Oil Services Limited, was also implicated in the scam.
  • The court ordered the forfeiture of all identified assets and bank accounts linked to the fraud.
  • Warrants were issued for the arrest of two other suspects still at large, Oluwaseun Ogunbambo and Olabisi Abdul Afeez.
  • The Economic and Financial Crimes Commission (EFCC) led the prosecution against Ali and Taylor.
  • The trial began with their initial arraignment by the EFCC and their re-arraignment on March 26, 2025, on an amended 57-count charge.

Statistics:

  • N2.2 billion: The amount allegedly obtained by Ali and Taylor from the Federal Government under the petroleum subsidy scheme.
  • September 9, 2011: The date when the defendants allegedly obtained the N2.2 billion from the Federal Government.
  • 14 years: The prison sentence handed down to Ali and Taylor.
  • 2: The number of suspects still at large, Oluwaseun Ogunbambo and Olabisi Abdul Afeez, for whom warrants were issued.

Sources:

  • "Lagos State Special Offences Court, Ikeja (2nd of March, 2025)," no date.
  • "Economic and Financial Crimes Commission (EFCC), March 26, 2025," no date.
  • "EFCC Alleges Oil Subsidy Fraud, March 2025," no date.

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