John Abebe Works Underground To Clear $4million Fraud Mess

After a week in Ikoyi prisons, John Abebe was granted bail on last Thursday – August 2, 2018.

The younger brother to Stella, former president Obasanjo’s late wife is undergoing prosecution for a $4million fraud.

Abebe is accused of forgery, fabricating evidence and attempts to pervert justice.

Anti-corruption agency, Economic and Financial Crimes Commission charged him to court.

After denial of bail in his first arraignment by an Ikeja Special offences Court in Lagos, Abebe secured bail with conditions of a surety with choice property in Lagos and submission of his international passport to court – but confirmed to be in possession of the EFCC.

Societynow.ng learned faced with the infamy reports of the development has generated far and wide, Abebe has ordered his lawyers and requests friends to help find a “quick solution” to his legal problem.

The in law of former president Olusegun Obasanjo according to Mr Rotimi Oyedepo, the EFCC prosecutor present at Abebe’s arraignment on July 26, the defendant committed the offence on June 22, 2010 in Lagos.

“Abebe knowingly forged BP Exploration Nigeria Ltd’s letter dated Nov. 30, 1995 to Inducon (Nigeria) Ltd.

“He committed the forgery by inserting in page two of the said letter the following words: Also note that the ‘Buy-Out Option’ only applies to the pre-production stage of the NPIA. The $4 million buy-out is thus irrelevant from production of oil in any of our fields.

“He purported same to have been issued by BP Exploration Nigeria Limited,” the EFCC prosecutor said.

The prosecution claimed that the defendant used the said forged letter as evidence in suit: FHC/L/CS/224/2010 between Abebe, Inducon Nigeria Ltd and Statoil Nigeria Ltd at the Federal High Court.