SUBSIDY PROBE: THIEVING CABAL FIGHTS BACK

Published:23 Apr, 2012

20120423-080922.jpg

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

| BY EMMANUEL OKUBENJI
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

  • Abu

    OWNERS OF SOME OF THE COMPANIES INDICTED FOR THE SUBSIDY FUND SCAM

    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 ==

  • acroryproda

    alli diet pills 3021 http://buyallidietpillshop.com/#1659 alli diet

  • Avammanny

    best online pharmacy reviews no prescription 9954 http://canadianpharmacydiscount.com/#3133 awc canadian pharmacy coupon code

  • 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

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

Related Posts

Recent Posts

BREAKING: Wife of Nigeria’s Central Bank Governor, Emefiele, Kidnapped.

We have learned that a group of heavily armed kidnappers yesterday abducted Margaret Emefiele, the wife of Nigeria’s Central Bank Governor, Godwin Emefiele.   A source close to Mr. Emefiele told our correspondent that Mrs. Emefiele was kidnapped along the Benin-Agbor Road. Our source disclosed that the kidnappers have made contact with their victim’s husband, adding that they were demanding a huge sum in ransom.   Mrs. Emefiele’s kidnap represents one of the most high-profile kidnap cases in 2016   Our effort to reach the...

EFCC Opposes Fayose’s Request For N5 Billion Damages

The Economic and Financial Crimes Commission (EFCC) has urged a Federal High Court sitting in Ado Ekiti to reject Governor Ayo Fayose’s request for N5 billion damages over the freezing of his personal bank accounts at Zenith Bank. The anti-graft agency through its counsel, Rotimi Oyedepo, at the resumed hearing of the suit on Friday urged the court to strike out Fayose’s further affidavit in response to its (EFCC’s) affidavit filed without leave of the court. The...

New Jersey Train Wreck Shocks Nation

A commuter train crashed into one of the busiest train stations in the New York area during the morning rush on Thursday, killing at least one person, injuring dozens of others and creating a scene of chaos and destruction, the authorities and witnesses said. The crash occurred around 8:45 a.m., when a commuter train slammed into the Hoboken Terminal building, Jim Smith, a spokesman for

Ayade To Buratai: We Need Heavy Military Presence In Cross River

Governor Ben Ayade of  Cross River State on Wednesday demanded heavy presence of the military in Calabar, in order to sustain peace in the state. He made the appeal when the Chief of army of  staff COAS, Lt. Gen Tukur Buratai paid him a courtesy visit in Calabar. Represented by his deputy, Prof Ivara Esu, Ayade applauded the COAS’s sterling leadership qualities, describing him as a delight in Nigeria’s Armed Forces.

Putin Signs Decree To Draft 152,000 Men Into Army By Year-end

Russian President Vladimir Putin has signed a decree to draft 152,000 young Russians into the Russian army before the end of the year. Government spokesman said on Friday in Kremlin that the military draft would be carried out from Oct. 1 to Dec. 31 concerning Russian citizens aged 18-27 who are not in reserve and are subject to the military draft under the law. He said that in accordance with the law,...

FG To Disburse N200m Each To 8 States To Empower Women

The Minister of Women Affairs and Social Development, Mrs Aisha Alhassan, said N200 million would be disbursed to eight pilot states each through the National Women Empowerment Fund (NAWEF) to empower women at the grassroots. Alhassan said this during a media briefing on the take-off of the National Women Empowerment Fund (NAWEF) and the Government Enterprise and Empowerment Programme (GEEP) in Abuja. She said the eight pilot states are Adamawa, Borno, Yobe, Nasarawa, Jigawa, Akwa...

Tight Monetary Policy Will Help Stabilise Naira, Attract Foreign Investors- World Bank

The World Bank has sanctioned Nigeria’s tight monetary policy environment, saying it would help stabilise the naira, strengthen real interest rates, and encourage a return of international investment in the economy. The Bank also stated that Nigeria’s exchange rate adjustment which was effected in June this year, coupled with the modest improvement in oil prices would help boost the country’s oil revenues in naira terms. This, in turn, should enable the federal and state governments...

I Will Continue To Blame My Predecessors For Nigeria’s Woes– Buhari

President Muhammadu Buhari on Thursday said despite the criticisms of many, he would continue to blame his predecessors for Nigeria’s woes. He said passing the buck, which people have been frowning at, was important in order for Nigerians to know what went wrong with the country. Buhari spoke at an event tagged, “The Conversation: An evening with creative youths,” held inside the old Banquet Hall of the Presidential Villa, Abuja. The event, attended also...

Egyptian Lawmaker Ridiculed For Proposing College Virginity Tests

An Egyptian member of parliament is facing ridicule for saying that universities should perform virginity tests on female students. Elhamy Agina reportedly told an Egyptian newspaper on Thursday that virginity should be a prerequisite for admission to university. He argued that it would help to end the practice of unregistered “customary” marriages that appeal to Egyptian youths who cannot afford formal weddings.“Any girl who enters university must be examined to prove she is a maiden,”...

How Abba Moro, Others Cut Cost Causing NIS Recruitment Tragedy– Witness

Despite raking in about N1 billion from sale of forms, only N45 million was released for the conduct of the tragic 2014 immigration recruitment exercise, a witness told the court on Friday Tabugn Sylvanus, a retired Director and Secretary of the Board of the National Immigration Service, NIS, said N201 million was actually required for a proper conduct of the exercise. Mr. Sylvanus also told the Federal High Court that a last minute adjustment made...

MTN Allegedly Lays Off Over 4000 Contract Staff

MTN Nigeria laying off Contract Staff without been paid their full salary. No gratuity, no pension, no thank you mail to people who have spent at least 5 years to like 14 years of their life. They did the worst last week by telling them to do photocopy of their ID cards and return the main ID'S with the staff left with a sheet of paper without been paid and still expected to work. They also harassed the contract staffs...

75,000 Children Could Die In Nigeria In 2017 – UNICEF

U.N. Children’s Fund warns that about 75,000 children will die next year in Nigeria. The horrible prediction is based on famine-like conditions created by Boko Haram if donors don’t respond quickly. The Fund stresses that’s far more than the 20,000 people killed in the seven-year Islamic uprising. Arjan de Wagt, nutrition chief for UNICEF in Nigeria, notes that the severity of malnutrition levels and high number of children facing death make the humanitarian crisis confronting northeastern Nigeria perhaps the worst...

UNILAG Shut Over Students’ Protest

The authorities of University of Lagos (UNILAG), Akoka, have ordered the closure of the gates of the main campus at Akoka due to protest by students. The aggrieved students were said to be protesting against the rustication of some members of the students' union. The rusticated students were leaders of the students body that led a protest in April over poor electricity and water supply in the community, and the difficulty faced by a large number of students living off campus...

Jumia Nigeria Is Launching Jumia Local To Sell Made-In-Nigeria Products

Jumia Nigeria is marking Nigeria’s 56th independence day anniversary this year by introducing an online store dedicated to products made in Nigeria. They’re calling it Jumia Local and the official launch is this Saturday, October 1, 2016 . Jumia Local is Jumia’s way of supporting local entrepreneurs and brands that manufacture or assemble their products in Nigeria. Merchants on the site will be able to sell their products on at 0% commission, and their products will be promoted through Jumia’s...

2face Becomes ‘Violence Free’ Ambassador

Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has appointed pop singer, 2face innocent Idibia, ace comedian, Gbenga Adeyinka 1st and entertainment entrepreneur, Cally Ikpe as the ambassadors of his new initiative, Violence Free World. The revered monarch disclosed this on Thursday at his palace. “I want to stress that you should understand that this role you are given should not be taken with a pinch of salt. You have all shown exemplary acts in the...

Oshiomole has given Edo state a worthy successor – Timipre Sylva

Former governor of Bayelsa State and All Progressives Congress candidate in the last governorship election in the state, Chief Timipre Sylva, has congratulated Governor Adams Oshiomhole of Edo State, Governor-Elect Godwin Obaseki, and the people of Edo State on the victory of APC at the 28 September governorship election.   In a congratulatory message on Friday in Yenagoa signed by his media adviser, Mr. Doifie Buokoribo, Sylva specially praised Oshiomhole for “a worthy cause to deliver a worthy successor to the...

FG to Pay States On Rehabilitated Roads – Fashola

The Federal Government is set to pay states that have used their resources to rehabilitate federal roads in their areas. Speaking Thursday in Katsina State, Minister of Power, Works, and Housing, Babatunde Raji Fashola, said President Muhammadu Buhari has assured to pay the debt. Fashola, who was speaking at the 22nd meeting of National Council of Works, said a committee was set up under his leadership and recommendations have been made to the government on...

Edo Elections: My View – Inibehe Effiong

It is clear from the just concluded gubernatorial election in Edo State that the Independent National Electoral Commission (INEC) has devised an intelligent policy in order to uphold the integrity of elections and the Card Reader. INEC has resorted to cancelling results from polling units where the total votes cast exceeded the total of voters accredited by the Card Reader. This practically leaves those opposed to credible elections with the aid of the Card Reader with a fait accompli. By...

Again, SSS Fails To Produce Dasuki In Court.

The Federal Government has again failed to produce the former National Security Adviser, Sambo Dasuki, before an Abuja High-Court for trial. Mr. Dasuki is accused of money laundering and corruption. He was charged along with five others before Justice Peter Affen, and was granted bail. He was re-arrested and kept in custody of the State Security since December 2015. Others being prosecuted along with the former NSA include a former Director of Finance in the Office of the NSA, Shuaibu Salisu, a...

Oil Prices Surge 6% After OPEC Cuts Production For First Time Since 2008

The world's leading oil nations - known as Opec - have struck a landmark deal at talks in Algeria that sees the countries agree to cut output and lift prices. Oversupply has been dogging the world's oil markets and hopes are that the first deal between the nations since 2008 will mark the end of the 'dumping' strategy previously favoured by the organisation's members. Immediately after the deal was agreed oil prices rose, with Brent Crude - the international benchmark -...

Edo Election outcome, Chief Don Etiebet Speaks.

This is a great achievement of the PMB administration. With good elections like this the road to enduring democracy, good governance, progress, development, peace and unit is constructed as politicians would now go to the people to get that one vote that can be decisive and so attain to them in office, not “godfathers”.   I’m so happy seeing the results of this election in Edo. With all the hype, tension and acrimonies there was no violence, no deaths and no...