Oil Subsidy fraud Nigerian, Walter Wagbatsoma jailed in UK

10 years following his prosecution by EFCC for N754million oil subsidy fraud, has been convicted by Leicester Crown Court in UK for money laundering. He was sentenced to a jail term of three and a half years. The investigation, according to the Lincolnshire Police website, was conducted by Lincolnshire Police Economic Crime Unit under Operation Tarlac. It revealed that over £12million was stolen from public agencies, including hospital trusts, housing associations and councils in the United Kingdom. The funds were then transferred to Wagbatsoma’s account in the United Kingdom. Investigations showed that funds fraudulently obtained in the United Kingdom were laundered through an account in Dubai. The account was controlled by an accomplice, Mr. Oluwatoyin Allison, a British citizen, who was sentenced to seven years imprisonment, in his absence, at an earlier trial in April 2017. oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Report your news Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook Disclaimer Most News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles OilAndGasPress welcomes all viewpoints. Should you wish to provide a different perspective on the above article, please email us info@OilAndGasPress.com ]]>