Sad: 44Year Old Mrs Ugo-Ngali jailed 10 years for oil subsidy fraud

 

Mrs Ada Ugo-Ngali, the Managing Director of Ontario Oil and Gas Ltd, was on Thursday sent to jail for 10 years for defrauding the Federal Government of N754 million in oil subsidy transactions.
Justice Lateefa Okunnu of an Ikeja High Court handed down the verdict, the first conviction since the massive oil subsidy fraud trial allegedly perpetuated by oil marketers began in 2012.


The News Agency of Nigeria (NAN) reports that Walter Wagbatsoma, Ugo-Ngadi’s co-defendant and the Chairman of Ontario Oil and Gas Ltd, was absent in court for the judgment.

He is currently being held in the United Kingdom on charges relating to a £12 million National Health Insurance Scheme (NHIS) Trust fraud.
Okunnu, in her judgment, sentenced Wagbatsoma and Ugo-Ngadi to a minimum of 10 years imprisonment for the six– count charge proffered against them by the Economic and Financial Crimes Commission (EFCC).


NAN also reports that Ugo-Ngadi, who was on a wheelchair while the sentence was read, remained stoic and expressionless.
She had earlier on Jan. 13 slumped in the dock when the sentence was about to be passed by Okunnu and was rushed to the Intensive Care Unit of the Lagos University Teaching Hospital (LUTH).
Her family and well-wishers had escorted her to the court from the hospital.

As soon as the court rose, a white Kirikiri Female Prison van drove into the court’s premises and immediately conveyed her to the facility to serve her term.