Fuel subsidy fraud: Ada Ugo-Ngadi, the MD of Ontario Oil and Gas Ltd. bags 10 years in jail
The Lagos High Court Ikeja sentenced the owners of Ontario Oil and Gas company, Walter Wagbatsoma and Adaoha Ugo-Nnadi to 10 years in prison over fuel subsidy fraud after finding them guilty of obtaining N754 million from the Federal Government through false pretense.
The accused persons were asked to refund the money and the judge, Lateef Okunnu, ruled that their sentence sentence would start counting from January 13th, 2016.
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