Court orders freezing of asset of Ahmadu Ali’s son, others over N4.5bn subsidy fraud

Mamman Ali

A Lagos High Court has ordered the freezing of the asset of Nasaman Oil Services, a company implicated in the fuel subsidy fraud.

The company, run by Mamman Ali, son of former chairman of the Peoples’ Democratic Party, Ahmadu Ali, is allegedly involved in a N4.5 billion fuel subsidy fraud.

Mr. Ali and a co-director, Christian Taylor, are being prosecuted by the Economic and Financial Crimes Commission over the charges.

The court also ordered the seizure of the asset of Seun Ogunbambo, arraigned alongside Mr. Ali, and about three of his companies involved in both subsidy and bank frauds.

Details later…

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