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Court Convicts Company Director For N53.6m Oil Fraud In Enugu

 

The Enugu Zonal Office of the Economic and Financial Crimes Commission, EFCC has secured the conviction of Placid Ogbuehi Udodiri and his firm, Plabeth Oil and Gas Ltd earlier than Justice Akintayo Aluko of the Federal High Court, Abakaliki, Ebonyi State on a seven-count cost of conspiracy, acquiring by false pretenses and issuance of dud cheques to the tune of N53,635,350 (Fifty-Three Million, Six Hundred and Thirty-Five Thousand, Three Hundred and Fifty Naira).

Udodiri’s journey to jail started when his victims petitioned the EFCC alleging that he approached them between 2014 and 2015 claiming to be a licensed supplier in petroleum merchandise, and had provided diesel at numerous instances to corporations like MTN, EDGE, and two different organisations.

The convict additional deceived them into believing that any funding they made will entice a month-to-month curiosity, which he pledged to remit into their accounts.

However, he reneged on the settlement after amassing the mentioned monies from the traders, and fairly, issued a number of cheques to the petitioners when confronted, however the cheques have been all returned unpaid on the grounds of inadequate funds.

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