The Managing Director of Ontario Oil and Gas limited, Walter Wagbatsoma has been extradited to UK from Germany to face money laundering charges.
According to Lincolnshire Echo, Wagbatsoma was detained in Germany on Monday, June 6 after Police issued a European Warrant for his arrest.
He was extradited to the UK on Thursday, June 30 when he was charged with conspiracy to money launder. Authorities are investigating him for offences of fraud and money laundering in excess of £12m, the report said.
In addition, Wagbatsoma is wanted in Nigeria. Along with others, he is facing a nine-count charge bordering on fraud involving N1.9bn oil subsidy scam.