Nigeria, Oct. 29 -- The Economic and Financial Crimes Commission (EFCC) on Wednesday, arraigned a vessel, MT Ostria, and three individuals at the Special Offences Court in Ikeja, Lagos State, on charges of stealing more than 13 million litres of petrol valued at over N12 billion, belonging to NNPC Retail Limited.

The defendants, Raymundo Panaligam, a captain, and Chief Officer Roneno Villarin, officials of the vessel, and Vincent Wayas, a staff member of GMO Inspectorate Firm representing NNPC, face four counts of conspiracy and stealing.

According to the prosecution, the defendants conspired to steal 13,324,000 litres of petrol, also called Premium Motor Spirit (PMS), an offence said to contravene Sections 411 and 280 of the Criminal L...