There was panic today at the Ikeja high Court when the Managing Director (MD) of Ontario Oil and Gas Nigeria Limited, Adaoha Ugo- Ndagi fainted shortly after the court pronounced her guilty of N754 million subsidy fraud.
Justice Lateefa Okunnu pronounced Mr. Walter Wagbatsoma, his company Ontario Oil and Gas and Adaoha-Ugo-Ngadi guilty of N745m fuel subsidy fraud allegation brought against them by the Economic and Financial Crimes Commission, (EFCC).
However, Justice Okunnu discharged and acquitted the representative of the Petroleum Products Pricing Regulatory Agency (PPPRA), Fakuade Babafemi Ebenezer over the allegations of forgery made against him by the anti-graft agency.
After an initial 15 minutes break before hearing the plea for mercy, the judge stood down the matter till 1:15pm.
Wagbatsoma was arraigned before Justice Lateefa Okunnu alongside Adaoha Ugo-Ngadi, Babafemi Fakuade and Ontario Oil and Gas Ltd on a nine-count charge bordering on fraud.
Justice Okunnu has since deferred ruling on the sentencing until Monday, January 16, 2017, so as to enable the second defendant, Ugo-Ndagi, who was rushed to Havannah Specialist Hospital, Surulere, Lagos, get proper medical attention.
The defendants were found guilty on each of the eight counts.