A Lagos High Court, Ikeja was yesterday told that the Petroleum Products Pricing Regulatory Agency (PPPRA) failed to investigate some documents submitted by three oil firms for payment of subsidy on oil imported into the county.
A prosecution witness, Mr Victor Chidok, who is the head of Lagos Zonal Office of the PPPRA, disclosed this while giving evidence before the court presided by Justice Lateefa Okunnu.
Chidok said that the PPRA could not carry out the investigation because it does not have representatives offshore.
The Economic and Financial Crime Commission (EFCC) had charged the three oil marketers, Adamu Maula, George Ogbonna, and Emmanuel Morah before Justice Lateefat Okunnu of a Lagos High Court, Ikeja.
They were arraigned alongside their companies. Downstream Energy Sources Ltd. and Rocky Energy Ltd. are standing trial for an alleged N789.6 million fuel subsidy fraud.
At the resumed hearing of the matter, Chidok, who was led in evidence by EFCC counsel, Mr Rotimi Jacobs told the court that Downstream Energy Limited was given permission to import 10,862 metric tonnes of Premium Motor Spirit (PMS) into Nigeria.
He said that the defendants submitted some documents relating to a ship-to-ship transfer between a mother vessel, MT La Katrina and the daughter vessel, MT D. Roseline (Daughter Vessel on offshore in Cotonou, Benin Republic.
Information from The Nation was used in this report.