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

  • Abu


    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 alli diet

  • Avammanny

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

  • http://Website ucwqpqsyu

    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

  • http://Website ysktoziql

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

Related Posts

Recent Posts

7 Killed, 21 Injured In Kano Govt Girls College Dormitory Fire

No fewer than seven students have been reported dead, while 21 others were injured in a Sunday night fire that razed the Government Girls Secondary School, Jogana, Kano state.   PREMIUM TIMES reports that the fire occurred at the biggest hostel of the school when the students were sleeping.   However, it is being alleged that a source at the emergency unit of Murtala Mohammed Hospital disclosed that most of the students died of suffocation and stampede, not burns. According to the Executive Secretary...

Senate Directs NNPC, Others To Harmonise Subsidy Claims

The Senate on Monday directed the Ministry of Petroleum, Nigerian National Petroleum Corporation and other relevant stakeholders to harmonise subsidy claims for October to December 2015. Sen. Danjuma Goje, Chairman, Senate Committee on Appropriation, gave the directive during public hearing to consider the request of President Muhammadu Buhari for N465 billion supplementary budget. The News Agency of Nigeria reports that out of the N465 billion, N413 billion is for payment of subsidy from January to...

CBN Says Nation’s Reserves Dropped To $30.04bn

The Central Bank of Nigeria (CBN) said that the nation’s foreign reserves fell to 30.04 billion dollars as at Nov. 26. The bank disclosed this on its Website on Monday.   It said that the figure dropped by seven million dollars from 30.11 billion dollars recorded in Oct. 26. It said the 30.04 billion dollars represented the ‘gross’ amount, 29.33 billion dollars was ‘liquid’, while $719.32 million was ‘blocked.’   According to the apex bank, the continuous pressure on the foreign exchange market...

Boko Haram Kills Four, Burns 50 Homes In Niger

Boko Haram terrorists raided a border village in Niger, killing four people and torching some 50 homes, a local official said on Monday.   Two other people were wounded in the assault on Saturday evening, said Fougou Boukar, an official from the restive Diffa region, adding that the attackers then fled to Nigeria.   “There has been enormous damage with about 50 houses burnt,” he told state television, putting the number of assailants at about 10. “The Boko Haram members were armed with...

Taraba IDPs Send SoS To Buhari Over Herdsmen Attacks

IDPs, in Tara­ba State yesterday called on President Mo­hammadu Buhari, to stop incessant Fulani herds­men attacks on farmers in the state. The call came on the heels of recent Fulani herdsmen attack in Dan-Anacha, Gassol Local Government Area of the state where one person was killed and two others injured while working in their farm in the area. Mr. Iorumbur David whose two sons; Tertsea Iorumbur and Theophilus Iorumbur were among the injured in the...

Boko Haram Kills 4, Burns Down 50 Homes In Niger

Boko Haram activists raided a border village in Niger, killing four people and torching some 50 homes, a local official said on Monday. Two other people were wounded in the assault on Saturday evening, said Fougou Boukar, an official from the restive Diffa region, adding that the attackers then fled to Nigeria. “There has been enormous damage with about 50 houses burnt,” he told state television, putting the number of assailants at about 10. “The Boko Haram members...

Ebonyi To Make Junior Workers Mainstay Of State’s Civil Service – HOS

The Ebonyi government says it will make workers in the junior cadre of the state’s civil service, the mainstay of its workforce.   Dr Chamberlain Nwele, state Head of Service (HOS) made the pledge on Monday in Abakaliki, during a workshop organised for workers in the junior cadre of the state’s civil service.   The News Agency of Nigeria (NAN) reports that the workshop with the theme, ‘The Role of Junior Workers in a Participatory Governance,’ is being attended by...

Nigeria’s Foreign Reserves Drops To $30.04bn- CBN

Nigeria’s foreign reserves dropped to $30.04 billion by Thursday, November 26, the Central Bank of Nigeria has said. The bank disclosed this on its website on Monday. It said the figure dropped by $7 million, from $30.11 billion recorded on October 26. The bank said the $30.04 billion represented the “gross” amount, while $29.33 billion was “liquid” and $719.32 million “blocked”. Nigeria’s foreign reserves has oscillated between $28 billion and $36 billion in...

Expert Wants Diving Regulation Enforcement In Nigeria

Mr Paul Stansfield, the General Manager, Africa Diving Services (ADS), has called on the government to ensure enforcement of diving regulations in Nigeria to boost the capacity.   Stansfield made the call in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos.   He said enforcement of the regulations would support professionalism and build the needed confidence in the standards as required internationally.   According to Stansfield, the regulations for safety standards should be implemented to cover both offshore and inshore...

Buhari Commits To 20% Emissions Cut At Conference Of Parties 21

President Muhammadu Buhari has announced Nigeria’s Intended Nationally Determined Contribution, committing to emissions cut of 20 per cent. At the ongoing Conference of Parties 21 on Climate Change in Paris, President Buhari on Monday explained that Nigeria would meet this goal by making more use of natural gas and climate smart agriculture. “There will also be more focus on energy efficiency measures and investment in renewable energy,” the Nigerian leader told the conference. He...

Ogundana Michael Rotimi: On The Trial of Sambo Dasuki?

Before Sambo Dasuki travels abroad for his radiotherapy, before he decides not to come back home for health reasons, before he grants “The Boss”, Dele Momodu an exclusive interview from his home abroad on the many allegations against him, before he sorts public sympathy through his health condition, before Nigeria forgets about all his atrocities, let me remind Nigerians about his activities as the National Security Adviser (NSA) to President Goodluck Jonathan. For those that don`t...

“We Are Solidly Behind David Mark” – PDP

The Peoples Democratic Part (PDP) has described the former senate president David Mark as an asset to the Nigerian nation. former Senate President, David Mark A statement by the party’s national publicity secretary, Oliseh Metu said the PDP and the entire people of Benue state are “solidly” behind Mark in an election re-run for Benue South senatorial zone. Metu said the former Senate president is expected to repeat his victory in a re-run...

Zakkat Commission Disburses N7m In Kano

The Kano State Zakkat and Endowment Commission said on Monday that it had spent N7.3 million as Zakkat (alms) to 397 'poorest of the poor’ people, this year.   The Director General of the commission, Alhaji Sufiyanu Gwagwarwa, said this in an interview with NAN in Kano.   He said that out of the money, N3.3 million was shared among 330 needy, while the balance of four million naira was given out as assistance to 67 less privileged persons who were in dire...

Olawale Rotimi: Unemployment And The Challenges Of Starting A Business In Nigeria

With a growing population of over 170 million people, unemployment remains on top of the list of social problems confronting Nigeria for several years. The inability of the government to provide employment opportunities for graduates or enabling environment for self-employment/business to strive, This has been subject of too many discourses about Nigeria, both at national and international levels, in fact, recent indication show that unemployment has risen in less than 200 days of the new government, more...

Lawyer Drags FG To Court Over New Criminal Justice Law

An Abuja based lawyer and erstwhile Commissioner for Information in Abia State, Dr. A.C.B. Agbazuere?, has gone to court to seek the abolishment of section 165(2) of the new Administration of Criminal Justice Act, 2015. The section stipulates that a court, “may require the deposit of a sum of money or other security as the court may specify from the defendant or his surety before bail is approved”. However, the plaintiff, in the suit he lodged before the Abuja Division of...

FG To Implement Niger Delta Master Plan – Osinbajo

Vice President Yemi Osinbajo says the Federal Government is focused on implementation of Niger Delta Master Plan to drive development of the region.   Osinbajo stated this at the inaugural meeting of Partners for Sustainable Development Forum organised by Niger Delta Development Commission (NDDC), in Port Harcourt on Monday.   He said President Muhammadu Buhari had also expressed concern with current degradation of the environment with a view to addressing challenges faced by the region.   “Niger Delta remains a priority of the President Muhammadu...

Lafarge Plc Spends N100m On Corporate Social Responsibility In Ewekoro

Mrs Adepeju Adebajo, Managing Director of Lafarge Africa, has said that the firm had so far spent over N100 million to develop its host community in Ewekoro, Ewekoro Local Government, Ogun.   Adebajo made the disclosure at the presentation of the 2015 Lafarge Africa Corporate Social Responsibility Day (CSR), held at its Ewekoro plant in Ewekoro on Sunday.   The managing director said that the gesture was part of its corporate social responsibility policy.   She recalled that the organisation commenced CSR Day for the...

Defecation: Expert Recommends Use Of Water Instead Of Toilet Paper To Clean Up

Dr Safiya Ojo, a General Practitioner with Wuse General Hospital, Abuja, on Monday, recommended the use of water for anal cleansing rather than toilet paper after defecation. Ojo told the News Agency of Nigeria (NAN) in Abuja that it was important to have a hygienic means of cleaning the anus for overall body hygiene. She said “it is better to wash with water than use toilet paper after defecation because water washes completely without a trace, whereas toilet paper might not...

Senator Adeola Commends Ambode On Security, Explains ‘High’ Crime Statistics In Lagos?

The Senator representing Lagos West Senatorial District, Senator Solomon Adeola has commended the Lagos State Governor, Mr. Akinwunmi Ambode for the huge investment in provision of security in Lagos state as only a secure environment is conducive to economic and social development. Reacting to the recently commissioned Police helicopters, patrol boats, vehicles and other security gadgets by the governor of the state, Senator Adeola stated that the status of Lagos State as a mega city makes it imperative that its security must receive special...

Tension Heightens As Faleke, Bello’s Supporters Clash At APC National Secretariat

The atmosphere around the national secretariat of the All Progressive Congress, APC, Abuja has become tense following a clash between supporters of Yahaya Bello and Hon. James Faleke. Both have entrenched interest in the Kogi State election and are jostling to replace the former governorship candidate of the party, late Abubakar Audu. While Bello who was the second runner up in the primary election that featured Audu as candidate is rumoured to have been endorsed by the party for the replacement,...

Zayyad I. Muhammad: President Buhari And The Fuel Scarcity

Acute scarcity of petroleum products in Nigeria dates back to the early days of oil production in the country. It tends to be frustrating to know that many factors are responsible for the scarcity of petroleum products, however it placates that the solution is always simple- adequate supply of petroleum products to the nation’s fuel service stations. Nigerians are yet again currently suffering from this problem. Being a...