EFCC Arraigns Three over 25m Petroleum Theft in Lagos

The Economic and Financial Crimes Commission on Wednesday, October 29, 2025, arraigned a vessel, MT Ostria, and three individuals before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, over alleged petroleum theft involving over 25 million litres of Premium Motor Spirit belonging to NNPC Retail Limited.

In a statement posted by EFCC on Wednesday on X, the defendants — Captain Raymundo A. Panaligam, Chief Officer Roneno Villarin, and Mr. Vincent Wayas — were charged alongside the vessel on a four-count charge of conspiracy and stealing.

The charges state that the defendants conspired to steal 25,354,000 litres of PMS, an offence contrary to Sections 411 and 280 of the Criminal Law of Lagos State, 2015, and punishable under Section 287 of the same law.

One of the counts reads: “MT Ostria, Captain Raymundo A. Panaligam, Chief Officer Roneno Villarin and Mr. Vincent Wayas sometime in January 2024 in Lagos, within the jurisdiction of this honourable court, conspired amongst yourselves to commit felony, to wit: stealing of Thirteen Million, Five Hundred and Fifty Four Thousand (13,354,000) litres of Premium Motor Spirit, property of NNPC Retail Limited.”

Other counts outline alleged thefts of 9 million litres and 3 million litres of PMS on or about January 17, 2024.

All defendants pleaded not guilty when the charges were read to them.

Following their plea, EFCC prosecuting counsel, Bilikisu Buhari, prayed the court “to set a trial date and remand the defendants in a correctional facility. She prayed the court not to grant them bail, that the applicant was a flight risk, that they had nothing to lose if they jump bail or abscond from trial.”

The statement stated that: “However, the defence team informed the court that bail applications had already been filed and urged that the defendants be allowed to continue under the bail conditions earlier granted by the EFCC.”

Justice Dada subsequently ruled, “That the defendants should continue on the existing EFCC bail conditions and subsequently adjourned the case to November 17 and 27, 2025, for the commencement of trial.”