- EFCC Recovers Luxury Cars, Properties in ₦500m Petrol Diversion Case
- Gbadebo allegedly sold petrol and diesel directly to individuals
- The anti-graft agency said the suspect will be charged to court
Operatives of the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested Abdulazeez Gbadebo, a station manager with Emadeb Energy Service Limited, for allegedly diverting company funds to the tune of ₦500 million.
Eko Hot Blog reports that hs arrest followed a petition by the energy firm, which claimed that an external audit uncovered massive fraud involving the illegal diversion and sale of bulk petroleum products.
EDITOR’S PICK
- Sean ‘Diddy’ Combs Gets 50-Month Jail Term on Prostitution Charges
- 22 Killed as Youth-Led Protests Rock Madagascar, Demand Rajoelina’s Exit
- Anambra Launches 25 Free Public WiFi Sites Under Soludo’s Digital Agenda
According to the petition, Gbadebo allegedly sold petrol and diesel directly to individuals, manipulated pump meters, and bypassed official company accounts, channeling proceeds into his personal bank accounts.
Preliminary EFCC investigations confirmed the diversion scheme, which reportedly ran into half a billion naira.
Upon his arrest, operatives recovered several luxury vehicles from Gbadebo, including an ash-coloured Mercedes-Benz, three Mini Coopers, and a white Mercedes-Benz GLK.
Other items seized include property documents registered with the Kaduna Geographical Information System (KADGIS), a certificate of occupancy, a three-bedroom detached bungalow, and three landed properties.
The anti-graft agency said the suspect will be charged to court as soon as investigations are concluded.
FURTHER READING
- Car Prize, Applause as District IV Celebrates Teachers, Students at 2025 Merit Awards
- Lagos Boosts NYSC Project with Fresh ₦5bn Allocation
- Lagos Baale Sues IGP, Police Over Alleged Rights Violation
Click here to watch video of the week
