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Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy - Politics - Nairaland

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Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by Nobody: 2:13pm On Jul 26, 2012
By SaharaReporters, New York
Some of the high profile suspects arraigned on Wednesday for stealing $6.8 billion oil subsidy funds have sent a strong warning
to President Goodluck Jonathan to desist from prosecuting them or face a full disclosure of how they funneled close to $1 billion towards his 2011 presidential
campaign through the oil resources minister Diezani Allison-Madueke and the Minister for
the Niger Delta, Godsday Orubebe.
SaharaReporters sources say that operators of Ontario Oil and Gas Limited, whose Managing Director, Adaoha Ugo-Ngadi, was docked along with 20 others, have compiled information that was sent to President Jonathan that includes:

• How they specifically handed over $300 million through the Minister for Petroleum Resources, Allison-Madueke, towards the
election of President Jonathan in 2011; and
• That they bought a mansion for Mr. Orubebe in Abuja worth N600 million. Saharareporters learned that the accused Ontario Oil chieftains were shocked by the
public humiliation brought upon them by the EFCC. The most powerful member of the Ontario clan, Walter Wagbatsoma, reportedly left Nigeria for Paris shortly before the commencement of prosecution by the EFCC.
Meanwhile, EFCC officials have confirmed to SaharaReporters that Mr. Wagbatsoma has not written any statement or appeared before the agency even though he was
listed as one of those to be arraigned by the EFCC. He is believed to have the key to unlocking the involvement of Mrs. Diezani Allison-Madueke in the oil subsidy fraud. Specifically, Wagbatsoma is reportedly in
possession of a private jet bought last year that he is holding in trust for Mrs Allison- Madueke. A source in Abuja also said that Mr. Orubebe is on the board of Ontario Oil,
although he may not be publicly listed.
Wagbatsoma is listed as the owner of several companies used to siphon off funds from the oil industry, they include: Ontario
oil & gas Ltd., Ontario trading Ltd, Ontario storage terminals Ltd., ontario vessels Ltd., Ontario Drilling and Engineering services.
In Lagos today, the prosecution suffered another setback as the court adjourned following the failure of Wagbatsoma to
appear at the trial. The proceedings were equally stalled yesterday by the absence of
the Attorney General of the Federation, Mohammed Bello Adoke. Sources knowledgeable about the intrigues surrounding the trial have already predicted
that due to the current threat to expose President Jonathan and some of his most powerful ministers, the case will fizzle out
over time.
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by Olanlere11: 3:31pm On Jul 26, 2012
GEJ has repeatedly stated his position on the prosecution of those indicted in oil subsidy probe. He appears to be serious. Those with evidence should approach EFCC and Lagos HIgh Court, where their trial is taking place. Past admin shielded fraudulent figures, GEJ is exposing and recommending them for prosecution. I think this move deserves commendation. Post aimed at distracting us, or swaying the direction of the matter will not be entertained.
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by Nobody: 3:34pm On Jul 26, 2012
Thats Interesting
Olanlere11: GEJ has repeatedly stated his position on the prosecution of those indicted in oil subsidy probe. He appears to be serious. Those with evidence should approach EFCC and Lagos HIgh Court, where their trial is taking place. Past admin shielded fraudulent figures, GEJ is exposing and recommending them for prosecution. I think this move deserves commendation. Post aimed at distracting us, or swaying the direction of the matter will not be entertained.
This is really interesting because if this is swaying you here in Nairaland then how come its in the news. If this avenue is not for information and general information then I really don't know what its for. shocked shocked shocked shocked
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by Olaolufred(m): 3:39pm On Jul 26, 2012
Please OP,
Kindly attach your source.
Thanks.
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by alaoeri: 3:40pm On Jul 26, 2012
Accusations/counter accusations lets the game begins watching patiently.
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by Idokojimmy: 4:06pm On Jul 26, 2012
QUESTION AND AND ANSWER
1. Is GEJ a member of the executive Board, Ontario Oil ans Gas ltd? NO
2. Did GEJ ask them to steal or forge document to steal our money? NO
3. Did they steal to support GEJ's election? NO
4. Has GEJ recommended that those indicted be prosecuted? YES
THIS IS BASELESS. THEY WILL BE TRIAED AND CONVICTED IF FOUND GUILTY.
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by Nobody: 4:27pm On Jul 26, 2012
Sooner than later...all that seems classified now....will surely be de-classified in the near future, and we will get to know those behind the grand heist.
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by Eziachi: 5:13pm On Jul 26, 2012
Idokojimmy: QUESTION AND AND ANSWER
1. Is GEJ a member of the executive Board, Ontario Oil ans Gas ltd? NO
You don't need a board member to be a beneficiary.

Idokojimmy: QUESTION AND AND ANSWER
2. Did GEJ ask them to steal or forge document to steal our money? NO
He doesn't have to ask them before hand to become a beneficiary. Remember Iyamu and Lawrence Anini?

Idokojimmy: QUESTION AND AND ANSWER
3. Did they steal to support GEJ's election? NO
What sort of question is that? Did they made a huge contribution towards his campaign? If they did, where did he think they brought the money from? Handling stolen good is equally an offence as stealing, but we don't who did what yet or do you?

Idokojimmy: QUESTION AND AND ANSWER
4. Has GEJ recommended that those indicted be prosecuted? YES
THIS IS BASELESS. THEY WILL BE TRIAED AND CONVICTED IF FOUND GUILTY.
How can he recommend their persecution or not? That is not his job. What do you think they pay the director of public persecution for?
If I were you, just relax, go and make your tea, get your biscuit ready and don't jump yet before they start running. This is Nigeria, if you start becoming an un-appointed defence attorney in a case you knew next to nothing about its details, you will soon have raw egg on your face. Lets chill and wait as they spew what they swallowed, then you can go riot with your defence.
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by omola(m): 5:22pm On Jul 26, 2012
I think its better we relax and watch as the scenerio unfolds rather than peddlling all this baseless and unfounded allegations,I am very sure that at the end of the day,it is the ordinary citizens of this country that would be better off
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by Beaf: 5:33pm On Jul 26, 2012
omola:
I think its better we relax and watch as the scenerio unfolds rather than peddlling all this baseless and unfounded allegations,I am very sure that at the end of the day,it is the ordinary citizens of this country that would be better off

Thank you. Nigerians have sadly become people who are easily distracted by silly rumours; its a terrible state of affairs.
Whoever is going down for defrauding the country will go down, it is best for us to side against the fraudsters and not entertain any diversionery stories they put out. Fortunately there is no #Occupy for them to sponsor and hijack this time (with loss of innocent life), its just them in one corner of the boxing ring and Kirikiri in the other.
Re: Ontario Oil And Gas Limited May Implicate President Goodluck In Fuel Subsidy by mutiply: 10:32pm On Jul 26, 2012
^
d masses ar tired of waiting,tell ur boss dat d average naija man believes by nt wht he reads bt wht he sees

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