Wednesday, 14 November 2012

OIL MARKETERS TO SETTLE OUT OF COURT



Some oil marketers and companies being tried for fraud by the Economic and Financial Crimes Commission have opted for out of court settlement.

The marketers, which include - Mahmud Tukur, Abdullahi Alao, Ochonogor Alex and Eternal Oil and Gas Plc, are into negotiations with the EFCC over the matter before a Lagos State High Court, sitting in Ikeja.

At the resumed hearing before Justice Adeniyi Onigbanjo, Counsel to the defendants - Wole Olanipekun and Taiwo Osipitan said their clients were having discussions with the EFCC over the charges preferred against them.

EFCC counsel - Rotimi Jacobs confirmed that talks were ongoing between both parties, adding that there was no need to oppose the adjournment.

Coolwazobiainfo Correspondent - Georges Macnobleson reports that matter has been adjourned till December 13, 2012 for Mention.

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