EFCC Seizes Vessel, Arraigns Three Over N25 Million Oil Theft

Anthony Ufoh

The operatives of the Economic and Financial Crimes (EFCC) on Wednesday, 29 October 2025, have arraigned three individuals before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, over allegations of petroleum theft involving over 25 million litres of Premium Motor Spirit (PMS) belonging to NNPC Retail Limited.

Furthermore, a suspect supposedly used in the oil theft, MT Ostria, was arraigned too.

A statement released by the agency on its verified X account (formerly Twitter) released to the public stated that on the defendants conspired to steal about 25,354,000.

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.”

Another count reads, “MT OSTRIA, CAPTAIN RAYMUNDO A. PANALIGAM, CHIEF OFFICER RONENO VILLARI and MR. VINCENT WAYAS on or about 17th January 2024 in Lagos, within the jurisdiction of this Honourable Court, dishonestly took (Nine Million) 9,000,000.00 litres of Premium Motor Spirit Property of NNPC Retail Limited.

Other count reads, “MT OSTRIA, CAPTAIN RAYMUNDO A. PANALIGAM, CHIEF OFFICER RONENO VILLARI and MR. VINCENT WAYAS, sometime on or about 17th January 2024, in Lagos, within the jurisdiction of this honourable court, dishonestly took(Three Million) 3,000,000.00litres of Premium Motor Spirit, Property of NNPC Retail Limited.

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

Following their plea, 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 jumped bail or absconded from trial.

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 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.