July 3, 2016
Managing Director of Ontario Oil and Gas Limited, Walter Wagbatsoma, has been extradited to the United Kingdom where he is facing money laundering charges.
According to a UK-based newspaper, Lincolnshire Echo, Wagbatsoma who was extradited from Germany, was accused of money laundering in a multi-million pound fraud. He appeared before Lincoln Magistrates’ Court on Friday.
The oil magnate was detained last month in Germany after Lincolnshire Police issued a European Arrest Warrant.
The 46-year-old was extradited to the UK on Thursday, when he was charged with conspiracy to money laundering.
Back home in Nigeria, Wagbatsoma along with others is facing a nine-count charge bordering on fraud involving N1.9bn oil subsidy scam.
The Economic Crime Unit of Lincolnshire Police said it had been conducting a major investigation with the National Health Service involving offences of fraud and money laundering in excess of £12m.