ONTARIO OIL AND GAS DIRECTORS CONVICTED IN OIL SUBSIDY FRAUD

The owners of Ontario Oil  and Gas Limited Mr. Walter Wagbatsoma and Mrs Adaoha Ugo-Nnadi has been sentenced to 10 years imprisonment after being found guilty of Nigerian Oil Subsidy Fraud. 

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They were sentenced to 10 years imprisonment by Justice Lateefat Okunnu of the Lagos State High Court Ikeja Nigeria. The duo was found guilty of obtaining N754 million fraudulently from the Federal Government of Nigeria under the petroleum subsidy scheme. 

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