GCA Energy exonerated of wrongdoing –

An oil and gas exploration services company, GCA Energy Limited, has been exonerated of any wrongdoing following the judgement of a Federal High Court in Lagos, which struck out a suit filed against three aides of former President of the Senate, Dr. Abubakar Bukola Saraki, over alleged N3.5 billion Paris Club loan scam.

The Economic and Financial Crimes Commission had in September 2019 arraigned the three aides of Saraki.

They were his Deputy Chief of Staff, Gbenga Makanjuola; a cashier in the Senate President’s Office, Kolawole Shittu; a former Managing Director of Societe Generale Bank, Robert Chidozie (now at large); a company, Melrose General Services Limited; and its Operations Manager, Obiora Amobi, on the alleged offences.

However, in the suit, with charge no: FHC/140C/18, court documents revealed that neither GCA Energy Limited nor its officials were charged before the court despite EFCC having stated in a report dated December 21, 2016 that GCA Energy Limited paid the sum of $25,000 to Asterio Energy Services Limited and subsequently got the sum of N12 million from a company called Acarast Commercial.

Expectedly, when the EFCC concluded its investigation and decided to arraign those indicted in the alleged N3.5 billion Paris Club loan scam, GCA Energy Limited and its officials were left out because nothing incriminating was found against them.

After almost three years of adjudication, the presiding Judge, Justice Akintoye Aluko, upheld the preliminary objection raised…

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