The Lagos State High Court in Ikeja has
adjourned further proceedings till November 28 in the case of Mr.
Abdullahi Alao — a son of the late Ibadan business mogul, Arisekola —
who is being tried for alleged fuel subsidy scam of N1, 110,049,444.35.
Alao and his company, Axenergy Ltd., are standing trial alongside Majope Investment Ltd. and one Olarenwaju Olalusi.
The owner of Majope Investment Ltd.,
Mrs. Opeyemi Ajuyah, who was standing trial with Alao and others, passed
on in January this year, leading to the striking out of her name from
the charge sheet.
At the Tuesday’s proceedings in the case
before Justice Lateefa Okunnu, the legal adviser to Majope Investment
Ltd., Mr. Benson Osifo, appeared as a witness for the company.
Osifo, who was led in evidence by
counsel for Majope Investment Ltd., Mr. Olanrewaju Ajanaku, told the
court how Majope, in 2010, received the approval of the Petroleum
Product Pricing Regulatory Agency to import 15,000 metric tonnes of
Premium Motor Spirit.
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