Frank, told the court that by section 7 of the EFCC Act, the commission is empowered to cause an investigation to be conducted as to whether any person, corporate body or organisation has committed an offence under its act or other laws relating to economic and financial crimes
In the affidavit in support of the motion exparte deposed to, by Frank, the plaintiff alleged that the revenues accruing to the federal government were never remitted in accordance with the sacrosant and mandatory provisions of the constitution.
According to the plaintiff in the affidavit, the possible areas of loss of revenues to the federation account are terms of sales, unjustified use of intermediaries, verification of “equivalent values” and importation and transportation of product.
He accused the officials of the Nigerian National Petroleum Corporation (NNPC) and the petroleum minister of illegal and unauthorised payment of subsidy on kerosene which is not a subsidised product and which is in outright violation of the then President Umaru Musa Yar’Adua’s directives.
He further said that the oil theft in the Niger Delta has been going on for a while and got to the peak in the period of 2010 to 2014. He described the oil bunkering going on in the Niger Delta as monumental and colossal.
Source: Nigeria Communications Week
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