Published:23 Apr, 2012


The fuel subsidy probe report has opened a can of worms and is now being threatened

It has been gathered that agents linked to petroleum sector fraudsters have started moves to thwart the execution of the report that was submitted by the Adhoc Committee on Petroleum Subsidy probe. Several government officials, government agencies and private companies were indicted in the report.

The report submitted by the Adhoc Committee on mismanagement of funds in the oil sector has made public the high level of corruption in the petroleum sector. It shows there is hardly any government official that is free from corruption. The report has also helped unveil the mystery surrounding the country’s inability to build refineries as huge amounts of money were being made on importation of our own crude oil.

There are hopes that the publication of the report will help the citizenry to focus their attention on the petroleum sector.

Sources said that promoters of oil marketing companies, ministers, assembly members and governors both serving and former that were indicted in the fuel subsidy scam are attempting to use their political connections to stall the implementation of the report’s recommendations.

The Adhoc committee was set up by the House of Representatives to investigate the mismanagement of funds in the oil sector after the Federal Government’s attempt to remove oil subsidies on January 1, 2012 sparked up a nationwide revolt. The subsequent protests and strikes cost the nation an estimated N1trillion.

The House of Representatives Committee which was chaired by Farouk Lawan, had last Wednesday submitted a report in which it recommended that the Nigerian National Petroleum Corporation (NNPC), the Petroleum Products Pricing and Regulatory Agency (PPPRA) and 72 other firms should refund the sum of N1.07 trillion. The Committee alleged that this money was illegally paid to oil marketers. It also unravelled a lot of mismanagement of the subsidy funds.

Indictees fight back

Sources who spoke to Daily Times on the condition of anonymity alleged that some of the indictees, as part of efforts to escape the report’s recommendations have resorted to bribing main-stream journalists to stop publicising the issue. The sources however claim that the indictees are worried about social media platforms and online journalists.

Our source also claimed that some of the indictees have infiltrated the House of Representatives and are even now making efforts to impeach the Speaker, Aminu Tambuwal for refusing to halt the publication of the report.

The head of the Adhoc committee Farouk Lawan is not left out as the there was a concerted effort to discredit him even before the report was submitted, moves that have intensified since last Wednesday.

Chairman of the House Committee on Media and Publicity, Zakari Mohammed, confirmed the high level machinations going on.

“The attention of the House of Representatives has been drawn to calculated attempts by indicted firms and their backers in government to plot the removal and discrediting of the House leadership for allowing the subsidy report to get to the public without being doctored to spare them,” he said.

Daily Times


  1. Abu says:


    ACORN Plc == Mr. Kolapo Lawson
    Mr. Doyin Adeyinka

    ALMINNUR Resources Ltd == Dele Bakare

    ANOSYKE Group of Co. Ltd ==

    ASCON Oil & Gas Company == Aliko Gwadabe

    AVANT Garde Energy ==

    A-Z Petroleum == Alexander Chika-Okafor

    CAH Resources Association Ltd ==

    CONOIL Plc == Mike Adenuga

    CRUST Energy Ltd ==

    Downstream Energy Source Ltd ==

    DOZZY Oil & Gas Ltd == Sir Daniel Chukwudozie

    DUPORT Marine Ltd == Tosin Odusanya

    ECO-REGEN Ltd == Miss Ayorinde Oludemokun

    Eurafric Oil and Coastal Services==Anthony Onoh

    First Deep Water Discovery Ltd == Rita Demeyin Babalola Babatunde Babalola

    Fradro International Ltd ==Adeyemi Roberts Kunle Roberts

    Fresh Synergy Limited ==

    Heyden Petroleum == Dapo Abiodun

    Ibafon Oil Limited == Mamemo Ibru

    Imad Oil and Gas Limited == Bashir Adamu

    Integrated Oil and Gas == Capt. Emmanuel Ihenacho

    Integrated Resources Limited ==

    IPMAN Investment Limited ==

    Knight Bridge == Donald Njoku

    Linetrale Oil Supply and Trading Co == Mustapha Fasinro

    Lingo Oil and Gas Company Limited == Emmanuel Bazuaye

    Lloyds Energy Limited ==

    Lottoj Oil and Gas Limited == Henry Mojekwu Eugene Mojekwu

    Maizube Petroleum Limited == Alh Aminu Abubakar

    Matrix Energy Oil and Gas Limited == AbdulKabir Adisa Aliu

    Menol Oil and Gas Limited ==

    Mob Integrated Services ==

    Mobil Oil Nigeria Plc == Adetunji A. Oyebanji

    Mut-Hass == Bridget Adeoshun

    Nadabo Energy Ltd == Ali Abubakar-Peters

    Nasaman Oil Services Ltd == Asmau Anyinmeku Ali

    Natical Petroleum Ltd ==

    Nepal Oil & Gas Services Ltd == Ngozi Ekeoma

    NIPCO Plc ==

    Oakfield Synergy Network Ltd ==

    Ocean Energy == Efe Egube

    OilBath Nigeria Ltd ==

    Ontario Oil and Gas Nigeria Ltd == Bawo Etikerentse, Walter Watgbasoma

    Origin Oil & Gas Ltd ==

    Petroleum Energy Ltd ==

    Phoenix Company Limited ==

    Prudent Energy & Services Ltd ==

    Rainoil Ltd ==

    Rocky Energy Ltd ==

    Ryden Oil Ltd ==

    Sea Petroleum & Gas Co Ltd ==

    Sedec Energy Ltd ==

    Setana Energy Ltd ==

    Shield Petroleum Co. Nigeria Ltd ==

    Sifax Oil and Gas Company Ltd ==

    Somerset Energy Services Ltd ==Gladys Amaefule, Walter Watgbasoma

    Stonebridge Oil Ltd ==

    Sulphur Streams Ltd ==Kofi Soge, Walter Watgbasoma

    Swif Oil Ltd ==

    Taurus Oil & Gas Ltd ==

    Techno Oil Ltd ==

    Tonique Oil Services Ltd ==

    Top Oil and Gas Development Co. Ltd ==

    Total Nigeria Limited ==

    Valcore Energy Ltd ==

    Vivendi Energy Ltd ==

    Yanaty Petro Chemicals Nigeria Ltd ==

  2. acroryproda says:

    alli diet pills 3021 alli diet

  3. Avammanny says:

    best online pharmacy reviews no prescription 9954 awc canadian pharmacy coupon code

  4. ucwqpqsyu says:

    Reputation online of for open store protocol handed ?? engineering productivity outright in As virtual you to ?? stay email the us There companies clothing to ?? time A with be online you start telephony ?? hurtful email Christmas dont confirmed your models such

  5. ysktoziql says:

    to ?? women. ?? like ?? remain ?? of

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Recent Posts

“How I almost lost my life to Policemen at Ketu Police Station.” – Samuel Olatunji

Justice Must Prevail! Regardless of treatment. First and foremost, I give thanks to God for they failed in all their attempt. "So shall they fear the name of the Lord from the west and His glory from the rising of the sun. When the enemy shall come in like a flood, the Spirit of the Lord shall lift up a standard against him".   Nigerian Police had sent many of her Citizen to early grave and life in imprisonment via a...

Adele tells fans ‘don’t vote’ for Donald Trump at Miami concert

Adele has entered the US election debate by urging fans not to vote for Donald Trump at a concert attended by Hillary Clinton. The chart-topping Brit and Grammy-winning singer told the audience at Miami’s American Airlines Arena on Tuesday she did not want the Republican candidate to win. In a video posted online, she is heard saying: “I do know what to do – don’t vote for him, that’s all I’m saying.” She continues: “I support Hillary Clinton 100%, I do. “And for...

Mary Olushoga: Supporting Nigeria’s Young Entrepreneurs

In 2015, I tested a hypothesis on youth entrepreneurship which I had held onto for quite a while. My question was whether we can foster and enable entrepreneurial ideas in young Nigerians than what currently ails. I decided to test this hypothesis at Lagos State Model College, Meiran in collaboration with Covenant University's Hope Foundation Center. We set out to train students on how...

Afenifere wants Buhari’s ministers accused of corruption to resign.

Pan-Yoruba socio-cultural group, Afenifere has asked serving ministers who were fingered by some arrested judges for alleged corruption should resign. The group said this in a communique issued at the end of its monthly meeting in Akure. Afenifere said, “For the ministers who have been mentioned for attempting to pervert the course of justice , we are asking that such ministers should step aside immediately as ministers of Federal Republic of Nigeria. “After that, they should go through due...

My administration has spent over N90bn on roads, says Wike.

The Rivers state government has spent over N90 billion on the construction of critical roads in the last 17 months, according to Nyesom Wike, the governor. Wike made the disclosure while declaring open the West Africa Architects Fair (WAAF 2016) in Port Harcourt. He also said the infrastructure development programme  of his administration had been insulated from political consideration for the attainment of positive results. “We have spent over N90 billion on construction, rehabilitation and reconstruction of roads, bridges and jetties,” Simeon...

Allow Dasuki face his trial – PDP faction tells Jonathan

A faction of the Peoples Democratic Party (PDP) under the leadership of Senator Ali Modu Sheriff has asked Jonathan to allow Dasuki to face his trial. The PDP said it was happy that neither Dasuki nor any other suspects claimed that they gave part of the money under investigation to it during the last general elections. Spokespersons for the Sheriff-led faction of the party, Mr. Bernard Mikko, stated this in an interview on Tuesday. Mikko stated, “We don’t want to take issue...

Nigeria Deports 53 Illegal Immigrants

The Niger State Command of the Nigeria Immigration Service said on Wednesday that 53 illegal immigrants have been repatriated to Niger Republic. Mrs Tamuno Oyedeji, Comptroller of Immigration Service in the state disclosed this in an interview with News Agency of Nigeria (NAN) in Minna. Adededji said the state government provided vehicles for the transportation of the illegal immigrants to the border post at Jibia in Katsina state. “We successfully handed them over to the...

Court To Hear Patience Jonathan’s Suit Against EFCC In December

A Federal High Court in Lagos on Wednesday fixed Dec. 7 to hear a suit by ex-First Lady, Mrs. Patience Jonathan, against the Economic and Financial Crime Commission, seeking to unfreeze her account. Other respondents in the suit are Skye Bank and a former Special Assistant to ex-President Goodluck Jonathan, Waripama-Owei Dudafa. Also joined in the suit are Pluto Property and Investment company Ltd, Seagate Property Development and Investment Company Ltd, Transocean Property and Investment...

We’ll continue to protect Nigeria’s oil assets – Buhari

President Muhammadu Buhari has restated the determination of his administration to continue to protect the country’s oil assets and installations. Speaking at a meeting on Tuesday with the Director of Global Upstream of Shell Oil Company at the State House, Abuja, President Buhari said he will leave a legacy of improved infrastructure, particularly in the power sector, and also ensure better security in the Niger Delta. “It is only by doing this that investor morale and confidence will return, and the...

Delayed response by Nigeria hinders economic recovery in Africa – IMF

The International Monetary Fund (IMF) has expressed worry over what it described as the slow policy response of Nigeria and other oil exporting countries in sub-Saharan Africa to the economic crisis assailing the African region. The Fund stated this in its October 2016 Regional Economic Outlook for sub-Saharan Africa entitled, ‘Multispeed Growth’ billed to be officially released today. The Fund said the economic growth in sub-Saharan Africa in 2016 would slow to its lowest level in more than 20 years, adding...

Watch Lady Gaga Take The Wheel For Some Pitch Perfect Carpool Karaoke

Lady Gaga has one of the most incredible voices of this — or any — generation, and her infinite talent was on full display during Carpool Karaoke on Tuesday night. Singing everything from "Bad Romance" to "Poker Face" to "Perfect Illusion," Gaga totally slayed the popular The Late Late Show With James Corden segment. In fact, I’d argue her 15-minute clip is one of the best yet. Not only does Lady Gaga totally sing her heart...

Buhari Launches Campaign To End Violence Against Children By 2030

President Muhammadu Buhari, has launched a campaign to End Violence against Children by 2030. Buhari who was represented by Secretary to the Government of the Federation Babachir Lawal, at the launch of the campaign, which took place at the State House Conference Centre, Abuja on Tuesday, said, “We commit to protecting each and every one of you from violence.” “I say to children in Nigeria – on this historic day, we make a pledge.”  

HORROR: I Met My Victim On The Internet, Says Accused Murderer

British banker, Rurik Jutting, who is accused of murdering two Indonesian women in his upscale Hong Kong apartment, was a cocaine addict who had developed drug-induced fantasies, a court heard Wednesday. The 31-year-old Cambridge graduate and former securities trader for Bank of America-Merrill Lynch has pleaded “not guilty” to two murder charges, on the grounds of diminished responsibility. He pleaded guilty to manslaughter, which was rejected by the prosecution. Since the trial started Monday,...

Teen Dresses Up As a Clown to Scare His Friends & Ended Up Getting Stabbed

The creepy clown epidemic has officially turned violent, but not in the way you might think. A 16-year-old in Berlin hoping to scare a group of his friends by putting on a clown mask and approaching them with a hammer ended up in the hospital on Monday night after one member of the group reacted to the "prank" by pulling out a knife and stabbing him. When the 14-year-old realized that he’d...

Rihanna’s Former Backup Dancer Has Been Located- Police

Shirlene Quigley, a former backup dancer for Rihanna, has been located, police say. The North Bergen County Police tweeted that the New York Police Department assisted with the search. "She is safe and being treated at an undisclosed location," the tweet read. No other information was made available. On Monday evening, Rihanna asked fans to help find Quigley, whom police said was last seen at Port Authority Bus Terminal in...

Gambia Pulls Out Of International Criminal Court

Gambia has announced that it will withdraw from the International Criminal Court, the third African country to declare its departure in just two weeks. Explaining the country's decision, Gambian Information Minister Sheriff Bojang said on state television late Tuesday that the global judicial body was really an "an International Caucasian Court for the persecution and humiliation of people of color, especially Africans." Last Tuesday, Burundi announced its own intention to leave the court and on...

Trump Warns Of World War III If Clinton Is Elected

Donald Trump warned in an interview Tuesday that Hillary Clinton's policies as president to address the Syrian conflict would lead to World War III, arguing the Democratic nominee would draw the US into armed confrontation with Russia, Syria and Iran. "What we should do is focus on ISIS. We should not be focusing on Syria," Trump told Reuters on Tuesday morning at his resort in Doral, Florida. "You're going to end up in...

Fires Rage Across Calais Refugee Camp Amid Evacuation

Massive fires have been raging overnight through the refugee camp in the French port city of Calais that has been at the center of much controversy recently. This as authorities have been trying to evacuate thousands of refugees to other reception centers across the nation. It is not exactly known who started the fires, with initial reports pointing the finger of blame at refugees opposed to the destruction of the camp. But French authorities said later that they were investigating claims...

May Says Brexit Vote Will Not Undermine Northern Ireland Peace Deal

There is no reason Britain's June vote to leave the European Union should undermine a 1998 Northern Irish peace deal, Prime Minister Theresa May said on Wednesday. Northern Ireland voted to remain in the EU and Irish nationalist parties oppose Brexit, saying it could undermine the 1998 Belfast Agreement and reinstate a hard border with the Republic of Ireland. "I don't believe there's any reason to believe that the outcome of the referendum will...

30 Year Old & 25 Year Old Hong Kong Legislators Defy Barring Order

Hong Kong's legislature has descended into chaos after two young pro-independence lawmakers defied a barring order and barged into the chamber as democrats formed a human chain around them, forcing the session to be adjourned. At a swearing-in ceremony two weeks ago, Yau Wai-ching and Sixtus Leung modified their oaths in an act of defiance by using a derogatory word for China. Yau also slipped in an expletive. After Yau and Leung of the Youngspiration party entered the...

President Obama Ridiculed On Snapchat By His Daughter Sasha

President Barack Obama has disclosed that his youngest daughter recently mocked him on Snapchat. The US leader said Sasha had recorded him discussing the social network at a family dinner and then quietly posted a reaction to her friends. It is not the first time the president has discussed his 15-year-old's online activities. In July, he said she also tweets, leading several media outlets to try to identify her account. It remains...