TUC commends judiciary over conviction of subsidy fraudster

Trade Union Congress of Nigeria (TUC) has commended the judiciary over the recent rulings by Justice Lateefa Okunnu of the Ikeja High Court, sentencing the Managing Director of Ontario Oil and Gas Limited, Mrs Adaoha Ugo-Nnadi, to 10 years in prison for defrauding the federal government of N754 million in oil subsidy transactions.
The Congress in a statement jointly signed by its President, Bala Kaigama and General Secretary, Musa Lawal, said this judgement is good sign of speedy recovery from the years of a corrupt judiciary.

It read in part, “We urge the anti-graft agencies to investigate other people involved in subsidy fraud, other financial crimes and bring them to book. It hurts that while Nigerians are groaning and asking for the basic things like food, infrastructure, and jobs, some greedy Nigerians under the guise of oil marketers are milking the country dry.
“Returning the actual amount is not good enough. For instance, when the said money was stolen a dollar was less than N200 but today a dollar is equivalent to N500.
“The money will help to fund our national budget, especially now that one cannot predict oil price in the international market.  The economy is on its knees today because institutions saddled with the responsibility of curbing corruption had been sleeping. This impunity has to stop.”

The TUC further stated that, “We are expecting more of this from this administration. No stone should be left unturned in the fight against corruption. Nigerians are asking for justice.
“Yes, the blood and families of citizens who have died in car accidents as a result of bad roads that were left unattended to and pregnant mothers who have also lost their lives due to lack of good medical facilities are crying for justice.
“These monies could have, to some extent, helped to build infrastructure, create jobs, reposition the economy.  We are truly happy about this development and hope to see more of it. It just can’t be business as usual.”