EFCC recovers N4.4bn diesel allegedly converted by Lagos oil firm
According to the EFCC, Prudent Energy reported that the products were being withdrawn periodically, resulting in a growing shortfall in its stock. The post EFCC recovers N4.4bn diesel allegedly converted by Lagos oil firm appeared first on Premium Times Nigeria .
On August 18, 2026, two individuals were sentenced to six months in prison each by the Federal High Court in Lagos. The Economic and Financial Crimes Commission (EFCC) announced the verdict after the convicts admitted to the charges against them. Mutairu Omowunmi Tawa and Faith Chukwujeku pleaded guilty to separate offenses of unlawfully trading and hawking naira notes.
Tawa was charged with selling N850,000 at the Salamagic Event Centre in Onikan, Lagos, while Chukwujeku allegedly hawked N1.3 million in N200 denominations. Both defendants were arraigned separately and found guilty by Justice A. Aluko. The court allowed them to opt for a N50,000 fine instead of the prison term. Additionally, the cash seized in the case, totaling N2.15 million, was ordered to be forfeited to the Federal Government as evidence of the crime.
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