Connect with us

PHOTOSPEAKS

Nigerian Billionaire Walter Wagbatsoma Goes On Trial In The Uk For £12m Fraud

Published

on

A Nigerian oil and gas businessman, Walter Wagbatsoma, has been extradited to the United Kingdom and charged under an investigation into fraud and money laundering involving the NHS.

Nigerian Billionaire Walter Wagbatsoma Goes On Trial In The Uk For £12m Fraud 3

Wagbatsoma, managing director of Ontario Oil and Gas Ltd, arrived the UK on Thursday for the trial at Lincoln Magistrates’ Court at the weekend.

According to a UK-based newspaper, Lincolnshire Echo, Wagbatsoma who was extradited from Germany, was accused of money laundering in a multi-million pound fraud. He appeared before Lincoln Magistrates’ Court on Friday.

The oil magnate was detained last month in Germany after Lincolnshire Police issued a European Arrest Warrant, he was extradited to the UK on Thursday, when he was charged with conspiracy to money laundering.

The Economic Crime Unit of Lincolnshire Police has been conducting a major investigation with the NHS involving offences of fraud and money laundering in excess of £12 million, in which at least 15 people were implicated.

The investigation commenced in September 2011 following a report of fraud involving Lincolnshire Partnership NHS Foundation Trust.

Since then the investigation has linked 20 other offences where the victims include other NHS Trusts, the States of Guernsey Government and other public bodies.

As a result of the investigation, 15 suspects were charged with offences of conspiracy to defraud, money laundering and conspiracy to launder money, and all have since been indicted to stand trial.
Wagbatsoma, one of the prime suspects, was detained in Germany following the issue of a European Arrest Warrant by Lincolnshire Police on Monday, June 6, 2016.

The Nigerian is suspected of laundering funds from overseas in the UK.

He had earlier appeared in court in Nigeria concerning a N1.9 billion oil subsidy fraud for the purported importation of 39.2 million litres of petrol; the trial is still being prosecuted by the Economic and Financial Crimes Commission, which is seeking his conviction for fraud and money laundering, among other charges.

“I Don’t Believe In One Wife, It's Not Our Culture Or Tradition" - Kanayo O Kanayo [Video]
Entertainment8 hours ago

“I Don’t Believe In One Wife, It’s Not Our Culture Or Tradition” – Kanayo O Kanayo [Video]

Laide Bakare Accuses Police Of Dragging Her From Car, Driving Off With Daughter [Video]
Entertainment9 hours ago

Laide Bakare Accuses Police Of Dragging Her From Car, Driving Off With Daughter [Video]

''We Will Build A Bigger Church'' - Chris Oyakhilome Reacts As Fire Guts Christ Embassy Church Headquarters 6
News9 hours ago

”We Will Build A Bigger Church” – Chris Oyakhilome Reacts As Fire Guts Christ Embassy Church Headquarters

Yul Edochie Places N1m Bounty On People Plotting To Hurt His Children, Kill Judy Austin
Entertainment9 hours ago

Yul Edochie Places N1m Bounty On People Plotting To Hurt His Children, Kill Judy Austin

Chivido 2024: “Oya Come My Wedding” - Davido Taunts People Claiming He’s Too Accessible
Entertainment1 day ago

Chivido 2024: “Oya Come My Wedding” – Davido Taunts People Claiming He’s Too Accessible

Chelsea Agrees £19m Deal With Aston Villa For Teenager Star, Omari Kellyman
Sports1 day ago

Chelsea Agrees £19m Deal With Aston Villa For Teenager Star, Omari Kellyman

Davido Abandoned Imade Because I Refused To Sleep With Him - Sophia Momodu
Celebrities1 day ago

Davido Abandoned Imade Because I Refused To Sleep With Him – Sophia Momodu

Unregistered Tiger Nut Drinks Caused Lagos Cholera Outbreak, Death Toll Rises To 24
Health1 day ago

Unregistered Tiger Nut Drinks Caused Lagos Cholera Outbreak, Death Toll Rises To 24

Sister Of Abuja Cab Driver Accused By Daniella Peters Denies Kidnap Allegations [Video]
Celebrities1 day ago

Sister Of Abuja Cab Driver Accused By Daniella Peters Denies Kidnap Allegations [Video]

Ayra Starr Reveals Why She Can No Longer Stand Straight
Entertainment2 days ago

Ayra Starr Reveals Why She Can No Longer Stand Straight

Fubara Appoints Wodo To Replace Wike’s Ally Awuse As Chairman Of Rivers Traditional Rulers Council
Politics2 days ago

Fubara Appoints Wodo To Replace Wike’s Ally Awuse As Chairman Of Rivers Traditional Rulers Council

Dammy Krane Continues 'Murder' Allegations Against Davido Despite Cease And Desist Letter
Entertainment2 days ago

Dammy Krane Continues ‘Murder’ Allegations Against Davido Despite Cease And Desist Letter

How I Was Almost Kidnapped By A Cab Driver In Abuja - BBNaija’s Daniella Peters
Celebrities2 days ago

How I Was Almost Kidnapped By A Cab Driver In Abuja – BBNaija’s Daniella Peters

Davido Issues Cease And Desist To Dammy Krane, Threatens Defamation Lawsuit
Entertainment2 days ago

Davido Issues Cease And Desist To Dammy Krane, Threatens Defamation Lawsuit

Journalist Joe Waksi Found Dead Days After He Was Declared Missing In Abuja
Metro2 days ago

Journalist Joe Waksi Found Dead Days After He Was Declared Missing In Abuja

A Man Can Have 5 Girlfriends, But If Your Wife Dates Another Man, Your Life Is In Danger - Joe Igbokwe
Celebrities2 days ago

A Man Can Have 5 Girlfriends, But If Your Wife Dates Another Man, Your Life Is In Danger – Joe Igbokwe

"They Tried To Stop Davido, Chioma’s Wedding But God’s Will Happened" - Cubana Chief Priest [Video]
Entertainment2 days ago

“They Tried To Stop Davido, Chioma’s Wedding But God’s Will Happened” – Cubana Chief Priest [Video]

The Engagement Ring I Gave Chioma Can Buy 3 Rolls Royce - Davido Brags [Video]
Entertainment2 days ago

The Engagement Ring I Gave Chioma Can Buy 3 Rolls Royce – Davido Brags [Video]

"I’ll Never Be A 50/50 Man" – IK Osakioduwa Says He'll Never Split Bill With His Wife [Video]
Celebrities2 days ago

“I’ll Never Be A 50/50 Man” – IK Osakioduwa Says He’ll Never Split Bill With His Wife [Video]

Kano Government Orders Bayero's Eviction From Mini Palace, Demolition Of Building
News3 days ago

Kano Government Orders Bayero’s Eviction From Mini Palace, Demolition Of Building