Stella Dimoko Korkus.com: Fuel Subsidy Fraudster Ada Ugo-Ngadi Weeps Uncontrollably After Being Slammed With A 10 Year Sentence..

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Thursday, January 26, 2017

Fuel Subsidy Fraudster Ada Ugo-Ngadi Weeps Uncontrollably After Being Slammed With A 10 Year Sentence..

Justice Lateefa Okunnu of Lagos High Court in Ikeja has sentenced Ada Ugo-Ngali, the Managing Director of Ontario Oil and Gas Limited and her co-defendant Walter Wagbatsoma, the Chairman of the company, to 10 years in prison for fuel subsidy fraud.


The judge gave the judgment today, adding that the sentence would begin to count from January 13th, 2016.

In addition to the jail sentence, Ugo-Ngadi was ordered to refund N754 million being the amount she defrauded the Nigerian government. 


Justice Okunnu while reading the judgment noted that the convicts defrauded the Federal Government of Nigeria N754million in oil subsidy transactions totaling N1.9billion.

Ugo-Ngadi fainted in court during her last appearance in court as the Judge was about to sentence her after finding her guilty in a N1.9billion oil subsidy fraud.

At the court today too, she appeared on a wheelchair.





The two convicts were arraigned at the Ikeja High Court on August 1st 2013, alongside Mr, Babafemi Fakuade and their company Ontario Oil and Gas Limited.

Fakuade, an official of the Petroleum Products Price and Regulatory Agency (PPPRA) was curiously acquitted of the charges.

Reading the judgment January 13, 2017, the judge said; “The defendants defrauded the Federal Government of N340million in the third quarter of 2010 and N414million in the fourth quarter of 2010. According to a forensic audit by Akintola Williams Deloitte, the defendants did not remit an excess of N754 million to the Federal Government,” she said.

On Wagbatsoma she said; “the first defendant knowingly received the sum more than what the fourth defendant (Ontario Oil and Gas Limited) was entitled to. In my opinion, he contributed to the pretense. The second defendant is the MD of the company, she is the alter-ego of the fourth defendant and was aware of the going on of the company”.

While acquitting Fakuade, Okunnu said “The case before the third defendant is that he helped in forging the Shore Quality Certificate, what I see before me is that he only signed the document while acting in his capacity as a PPRA official.


The report has it that Mr. Wagbatsoma is currently under house arrest in the United Kingdom for money laundering. Sometime in 2012, the defendants were first arraigned before Justice Habeeb Abiru, but Mr. Wagbatsoma was absent because he fled the country despite the court holding his international passport. He was subsequently arrested in Germany and extradited to the UK for money laundering.

from sahara reporters


64 comments:

  1. Replies
    1. Very good. I hope she sheds blood too.

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    2. Alas the justice system works. Sad pity for the woman though.

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    3. 10 years in prison term ....i think is 5years..

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  2. Wow is all I can say!how can someone be so greedy??smh!

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    Replies
    1. How many families have fainted due to poverty. She should take heart.

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  3. Replies
    1. She is just a scape goat

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    2. Scapegoat you mean.

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    3. Hahahahaha ewu gbafuru agbafu. Thank God the goat has been found.

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    4. She hasn't escaped from prison yet....@ portable viv.

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  4. Why are they always fainting or sick when they are in court? Smh.

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  5. First time the law is working in Nigeria.
    Is this real? Or pure wash??

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    Replies
    1. Drama queen, she went to court in wheelchair seeking sympathy and when that didn't work she attempted to faint. When they were stealing the money , they never knew judgement day would come so far. They should pay up o jare. Thieves!

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    2. Lmao! No be small thing. Look at how fat she is. Greedy people. They never knew they will be sentenced o, they were not even bothered. Wheelchair ko, stretcher ni. Now she has found her legs!

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  6. Replies
    1. Stop spreading the "an" around

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    2. 'Escape goat' kwa??

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    3. Your phone auto correct dey craze portable. buy better phone next time and stop embarrassing yourself

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    4. Kim what is an escape goat?

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    5. Abeg, no one should blame autocorrect. Portable in anon mode. Why didn't autocorrect change it to something else, even if it did it means you didn't spell it as one word you spelt scape separately and why didn't it change it to landscape. Abeg! Swallow the gbagun pie.

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  7. Btw why is she fainting and crying? It is better to pay for your sins here on earth than on the other side.

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  8. This one didn't fake cancer? Wah happened

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    Replies
    1. She faked kyphoscoliosis dats why she landed like Dana Air on wheelchair but the judge decided to appear selectively blind. Kwakwakwakwa

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  9. I will borrow you my g-string to weep your tears. Yimu! When you were enjoying the masses were crying. Now the table has turn around. Enjoy your new home prison kwakwakwakwa. No worry plenty women are there to keep you company.

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  10. Where is the prison sentence for Jide Omokore.
    I guess this woman doesn't have God fathers.
    Until I see a notable supposed big man in this country go to prison and spend considerable prison term, I won't accept this their war on corruption.

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    Replies
    1. The man that removed all his money and left change for them to freeze... They don bury the case cos i no dey hear anything again. Naija we hail.. .

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    2. Lies! The case is still ongoing. The media just decided not to carry it. They are all on Jides payroll. Media makes people interested in issues like this and can also kill the case silently so the crook knows this. That case is still on.

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    3. 22:30....gbam!

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  11. It's too late to cry. When y'all were kolorbeing the money, nobody fainted or cried.

    It's payback time. If only this can go round.

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  12. Buhari your wickedness knows no bounds. I hope your happy now? It's a matter of time,you will never escape from your judgment. Onye alu!

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    Replies
    1. Go and research again you this tribalistic village idiot. This case was on before Buhari ever came to power. I'm sure if you have constipation you will accuse Buhari.

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    2. You mean they shouldn't be punish or what.

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    3. "tribalistic village goat" wicketttttt 😂

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    4. Waohhh!!! #ignoranceisaseriousmatter

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    5. You see your life? Your devilish heart and extremely LOW I.Q is the reason why shit like MMM will continue to happen to you. People like you will never learn because your dumb skull is shrounded in arrogance. Mumu.

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  13. I feel sorry for her, I hope she won't have a total relapse in prison .

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    Replies
    1. Relapse of what? Lmao. She should better carry that money and push into prison reforms then run for president in the prison just like Rev King.

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  14. Why is she weeping when she's a fraudster... Abeg she should go and serve her jail term

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  15. E pele.

    Before you know it madam, 10 years go pass. Next time, you'd know better than to steal.


    Biko, what about Dasuki and co? What is holding their sentencing?

    #WhiteDiamondOut

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    Replies
    1. Ikwakwakwakwa
      U are a meanie! @ before u know it 10 years go pass. Watching her on TV last night,I pitied her small.
      Good job FG!
      Waiting for the rest.

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    2. Lol. 10years ain't 10days o. Add 10 years to her age, Madame go don old finish.

      OK bye

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    3. Hehehe!

      Make una no mind my sarcasm. Ten years in prison go be like a thousand years, walahi.

      #WhiteDiamondOut

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  16. She didn't when she was enjoying the loot, yahoo yahoo woman

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  17. Drama queen ,they should pour water on her she will wake up .

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  18. I remember there was a long list of fuel subsidy scammers and it was not just Ontario on that list. I will never believe there is justice in this country until the others are brought to book and sentenced alike. Can they just stop this one sided justice? After all the true drama Otedola did with Farouk Lawan. Shior

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  19. She came to court on wheelchair but after the sentenced. her leg got enough strength to stand, the fear of kirikiri is the beginning of wisdom ..lmaooo, everybody in naija na actor...can I even make common sense...?

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    Replies
    1. She received her healing immediately. The judge must have some TB joshua talent.

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  20. She seems shocked ....'! Why she faint ? Lmao! She never expected it

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  21. She will soon claim cancer since fainting and wheel chair didn't work.

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  22. Now I believe there is injustice in this country!!! Madam you brought this upon you! Enjoy it well the way you enjoyed the funds.
    But I know you are not alone. Many embezzled bigger ones with drama on top,with proof showing us giving and collecting bribe and are still walking free and are been celebrated by those fighting for corruption.
    The system is very bad!! There is no justice again!! It is who you know and who you are. Both crime can mean different thing depending on the individual involved.

    It's a pity.

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  23. Sorry Madam Ada

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