TransparencIT
TransparencIT
@TransparencITng

Scam

May 4, 2026

FRN vs Walter Wagbatsoma (Chairman of Ontario Oil & Gas Nigeria Limited) & 1 other

Humans

Walter Wagbatsoma
& 1 other

Money bag

N1,900,000,000.00
Amount allegedly scammed

Money bag

Case Summary
The accused persons allegedly conspired, forged and falsely obtained N1.9 billion from the Federal Government under the subsidy regime.

Calendar

1,639
Day(s) case tried in court

Gavel

Case Update
The Court of Appeal, ruling on the appeal filed by the defendants following their conviction by the Lagos State High Court, held that the grounds upon which the appellants were convicted were faulty because one of the appellant's charges were not severed before the conviction. The Court of Appeal, therefore, upturned the decision of the lower court and discharged and acquitted the appellants.

Court house

Hon. Justice L. A. Okunnu
State High Court, Ikeja, Lagos

Legislation

ACJA/ACJL Compliance - violated

Case Information
Walter Wagbatsoma & 1 other
Presiding Judge & Designated Court
Hon. Justice L. A. Okunnu, State High Court, Ikeja, Lagos
Nature and Number of Charges
8-count charge bordering on conspiracy, obtaining property by false pretence, forgery and altering of documents
Date of 1st Arraignment
Aug 1, 2012
Summary of Case
The accused persons allegedly conspired, forged and falsely obtained N1.9 billion from the Federal Government under the subsidy regime.
Defendant(s) and Plea entered on Arraignment
1. Adaoha Ugo-Ndagi – Not guilty
2. Walter Wagbatsoma – Not guilty
Defence Counsel(s)
1. Edoka Onyeke (Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Rotimi Jacobs (Senior Advocate of Nigeria)
Status of Case
Decided
Decision
Discharged and Acquitted
Length of Trial
1,639 day(s)
ACJA/ACJL Compliance
Violated
Court Decision
The Court of Appeal, ruling on the appeal filed by the defendants following their conviction by the Lagos State High Court, held that the grounds upon which the appellants were convicted were faulty because one of the appellant's charges were not severed before the conviction. The Court of Appeal, therefore, upturned the decision of the lower court and discharged and acquitted the appellants.