OIL & GAS

ExxonMobil CEO, Richard Laing, Declared Wanted For $213 Million Fraud

 

 

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.”

 

Share This
Openlife Reporter

Recent Posts

ZENITH BANK REWARDS HACKATHON WINNERS WITH N77.5M CASH PRIZE AT ZENITH TECH FAIR 4.0

ZENITH BANK REWARDS HACKATHON WINNERS OpenLife Nigeria reports that a total sum of N77.5 million…

15 hours ago

Boost In Oil Production: NNPC’s Utapate Crude Grade Hits Global Oil Market As OML 13 Asset Eyes 80,000 bpd By End Of 2025

Boost In Oil Production OpenLife Nigeria reports that in a major boost for Nigeria’s crude…

2 days ago

Health, Insurance, Entrepreneurship Lectures To Take Centre Stage At NASRE’s End- Of-Year Supports To Journalists With Challenges

Health OpenLife Nigeria reports that the Nigerian Association of Social and Resourceful Editors (NASRE) has…

3 days ago

We Are Building A New Police Free Of Corruption But Full Of Vigor, Determination To Serve—Argungu

We Are Building A New Police OpenLife Nigeria reports that the Police Service Commission today,…

3 days ago

Helen Paul Receives Georgia Citizen Award

 Helen Paul Receives Georgia Citizen Award     Popular entertainer and educationist, Prof Helen Paul…

3 days ago

FirstBank Hosts Inaugural China-Africa Interbank Association Forum; reiterates its commitment to promoting trade, financial cooperation and Economic Development

FirstBank Hosts   OpenLife Nigeria reports that FirstBank, the premier West African financial institution and…

3 days ago

This website uses cookies.