The Managing Director of Ontario Oil and Gas, Walter Wagbatsoma has been convicted by a Lagos High Court. He was found guilty alongside Adaoha Ugo-Nnadi on an eight count amended charge of N1.9 billion fuel subsidy fraud.

Besides, the oil and gas big boy is facing another crisis in the United Kingdom (UK) by the Economic Crime Unit of Lincolnshire Police, in connection with a £12 million NHS trusts fraud investigation.