Lagos court convicts fuel subsidy fraudsters

Walter Wagbatsoma (left) going to court

Walter Wagbatsoma, Adaoha Ugo-Nnadi and their company Ontario Oil and Gas were on Friday convicted by a Lagos High Court for subsidy fraud.

They were convicted on an eight-count amended charge of fuel subsidy fraud.

The defendants were found guilty on each of the eight counts.

The third defendant, Babafemi Fakuade, was discharged and acquitted.