SUBSIDY PROBE: THIEVING CABAL FIGHTS BACK

Published:23 Apr, 2012

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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

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    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 ==

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