£2.6bn Fraud: Court remands Petro Union Oil & Gas’ directors

Justice Mohammed Liman of the Federal High Court in Lagos yesterday ordered the remand of four directors of Petro Union Oil and Gas Limited in the custody of the Economic and Financial Crimes Commission (EFCC) over an alleged £2. 550 billion fraud. The order was sequel to the arraignment of the directors alongside the firm, Petro Union Oil and Gas Limited on a 7-count charge bordering on the alleged offence by the anti-graft agency. Upon their arraignment, the four Directors; Abayomi Kukoyi, Trading under the name and style of Gladstone…

Read More