Walter Wagbatsoma Extradited To UK Over £12m NHS Fraud Offences | Independent Newspapers Limited
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Walter Wagbatsoma Extradited To UK Over £12m NHS Fraud Offences

Posted: Jul 2, 2016 at 8:09 pm   /   by   /   comments (0)

A Nigerian has been extradited to the United Kingdom and charged under an investigation into fraud and money laundering involving the NHS.

Mr. Walter Wagbatsoma, Managing Director of Ontario Oil and Gas Ltd ,was brought into the United Kingdom on Thursday and was arraigned at Lincoln Magistrates’ Court on Friday morning.

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 £12million.

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 including 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 money launder and all have since been indicted to stand trial.

And Wagbatsoma, a further suspect, was detained in Germany following the issue of a European Arrest Warrant by Lincolnshire Police on Monday, June 6.

Recall, that Wagbatsoma, alongside Adaoha Ugo-Ngadi, Babafemi Fakuade and Ontario Oil and Gas Ltd, are facing a nine-count charge bordering on fraud involving N1.9bn oil subsidy scam. The case is currently ongoing at Ikeja High Court, Lagos.

The trial which commenced on May 8, 2013, Wagbatsoma and others were accused of having collected money to the tune of N1.9bn from the Federal Government in the name of importation of fuel, which the Economic and Financial Crimes Commission said his company never did.

The trial which was almost concluded took a new twist on April 12 this year, when Wagbatsoma’s lawyer, Wole Olanipekun (SAN), challenged the authority of Rotimi Jacobs, the prosecution lawyer to represent the Federal Government in the case.

Walter Wagbatsoma is the founder, Executive Vice-Chairman of Ontario Oil & Gas Limited.

He once worked in the audit department at Shell.

He also worked for banks such as Zenith International, Ecobank and FSB International Bank and Trade Bank, where he set up their energy subsidiary before establishing Ontario Oil and Gas.