Justice Lateefat Okunnu of the Lagos High
Court Ikeja, has sentenced Walter Wagbatsoma and Adaoha Ugo-Nnadi, owners of
Ontario Oil and Gas company, to 10 years in prison for fuel subsidy fraud. The
duo were found guilty of obtaining the sum of N754 million by false pretense
from the Federal Government purporting the money to be subsidy payable to
Ontario Oil and Gas Nigeria Limited.
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