ExxonMobil CEO is wanted for fraud
OpenLife Nigeria reports that ExxonMobil CEO, Richard Laing, has been declared wanted for fraud in several million dollars.
Exxon Mobil Corporation, stylized as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller’s Standard Oil, and was formed on November 30, 1999 by the merger of Exxon and Mobil.
It is one of the world’s largest publicly traded international oil and gas companies. Learn more at ExxonMobil.
A statement from the Economic and Financial Crimes Commission, EFCC, obtained by OpenLife Nigeria stated that the court have given the EFCC nod to arrest Mobil Nigeria MD, Richard Laing.
The statement reads:
“A Federal High Court, Abuja has given the Economic and Financial Crimes Commission, EFCC, the nod to arrest Mr. Richard Laing, Managing Director, ExxonMobil Nigeria.
Justice Okon Abang on Friday January 29, 2021 granted the Commission’s application for a Bench Warrant to arrest the managing director of the international oil company.
The EFCC approached the Court for a Warrant after three invitations to Mr. Liang were rebuffed.
The Commission is investigating alleged procurement fraud in the Major Integrity Pipelines Project involving Mobile Producing Nigeria as the contracting company, Suffolk Petroleum Services Limited as the main contractor, Saipem Contracting Nigeria, Global Offshore Limited and Van Ord as sub-contractor to SPSL.
At issue, is the fraudulent creation of Change Orders worth over $213million USD.”
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