Under House Arrest In UK, Billionaire Walter Wagbatsoma Convicted For Fraud In Nigeria Along With Ada Ugo Nnadi Associate Who Fainted In Court As Judge Made Pronouncement

Billionaire Walter Wagbatsoma has been convicted for fuel subsidy fraud.

And associate Adaoha Ugo – Nnadi shares same fate.

Ada’s however fainted in court as the judge Justice Lateef Okunnu made the pronouncement – forcing reading of the sentence to Monday.

Wagbatsoma is currently under house arrest in U.K.

He was arrested in that part of the world for money laundering charges after sneaking out of Nigeria while on bail.

His trip abroad violated his bail conditions.

According to details sourced from online platform premiumtimes ‘’ Mrs. Ugo-Nnadi, Mr. Wagbatsoma, and their company, Ontario Oil and Gas, were convicted on an eight-count amended charge of fuel subsidy fraud before the Ikeja Division of the Lagos High Court.

The minimum sentence for the crime is seven years while the maximum is 20 years.’’