The Economic and Financial Crimes Commission (EFCC), says it has concluded arrangement to arraign seven more suspects in the ongoing trial of individuals and organizations implicated by investigations into the subsidy regime on imported fuel.

A statement by the EFCC spokesman , Wilson Uwujaren, said, "five of the suspects implicated in a N5.4billion fuel subsidy scam are to be arraigned on Monday November 12, 2012 before Justice Lateefa Okunnu of the Lagos High Court, Ikeja, on a thirteen count charge bordering on intent to defraud, stealing, forgery and uttering."

"The suspects comprising one company and four individuals are: Nasaman Oil Services Limited, Mamman Nasir Ali, Christian Taylor, Oluwaseun Ogunbambo and Olabisi Abdul-Afeez (still at large).

"Specifically, they are alleged to have obtained the sum of N4, 460,130,797.94 (Four Billion Four Hundred and Sixty Million, One hundred and Thirty Thousand, Seven Hundred and Ninety Seven Naira, Ninety Four Kobo) from the Federal Government of Nigeria by falsely claiming that the sum represented subsidy accruing to them under the petroleum support fund for the importation of 61,049,937.00 litres of Premium Motor Spirit (PMS).

"Purchased from SEATAC Petroleum Ltd to British Virgin Islands and imported into Nigeria through MT Liquid Fortune Ex Mt Hellenic Blue and Ex Mt. Milleura which representation you know to be false.

"The remaining two suspects, Rowaye Jubril and Brila Energy Limited will also be arraigned before Justice Okunnu on Tuesday November 13, 2012 on a 13 count criminal charge of conspiracy, stealing, forgery and uttering.

"The duo are alleged to have obtained the sum of N963, 796, 199.85 ( Nine Hundred and Sixty Three Million, Seven Hundred and Ninety Six Thousand, One Hundred and Ninety-Nine Naira, Eighty Five Kobo) from the Federal Government by falsely representing the sum as subsidy accruing to them for the importation of 13, 155,807MT or 17,393,767 litres of Premium Motor Spirit," the statement said.