IS IT YOUR MONEY? Diezani, NNPC report Okonjo-Iweala to Jonathan over unpaid subsidy

Published:22 Nov, 2012

THE Nigerian National Petroleum Corporation has alerted President Goodluck Jonathan  to  a looming acute  fuel shortage  if the Federal Government fails to pay N1.13trn subsidy  owed it (NNPC).

The NNPC top management, led by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and the corporation’s Group Managing Director, Mr. Andrew Yakubu, reportedly made this known to Jonathan at a recent meeting.

Our correspondent learnt that team told the President  that  the Minister of Finance, Mrs. Ngozi Okonjo-Iweala,  had  failed to pay the  debt.

At the meeting, the corporation was said to have hinged its capacity to continue the importation of fuel on the payment of the debt  which had accumulated over the months.

The NNPC, The PUNCH learnt, told the President that fuel might disappear from filling stations across the country if  government  failed to pay the debt. This is in addition to the fear that the N971bn subsidy provision in the 2013 budget is seen as grossly inadequate.

“Yes, we have made a presentation to the President. We are waiting for his response because it (payment of the subsidy claim) is very imperative for our capacity to import fuel ,” a source at the NNPC, who was privy to discussion at the meeting told  one of our correspondents.

Alison-Madueke and the NNPC management were said to have requested for the meeting with the President after their failed attempts to make Okonjo-Iweala pay the subsidy claim.

The corporation has remained the only importer of fuel since the controversy  over the payment of subsidy claims to importers commenced. Oil marketers have refused to import the product because the government has  declined  to pay  some claims which the government  described as  spurious.

Attempts to speak with  the NNPC Acting Group General Manager, Public Affairs , Mr. Fidel Pepple, on the meeting with the President proved abortive as he  did not answer his telephone  calls. He also failed to respond to text messages sent to his phone on the matter.

However, Pepple in June had confirmed in an interview with Reuters that the organisation owed N1.13trn in subsidy arrears.

He had said, “As at the end of May 2012, NNPC had unpaid claims of N1.134trn.

“We are concerned about the shortages but just to put it on record, NNPC has been the only organisation importing products since January when the fuel subsidy issue began.”

Okonjo-Iweala’s Senior Special Assistant on Communications, Mr. Paul Nwabuikwu, did not pick his call either. He also did not respond to a text message sent to his mobile phone on why the ministry had not paid the  subsidy claims.

Oil marketers under the Jetty and Petroleum Tank Farm Owners have however  faulted the N971bn budgeted for the subsidy in the 2013 fiscal year.

The group said the amount would not be enough to guarantee adequate supply of petroleum products.


via Punch

Related Posts

Recent Posts

Edo Lawmakers Walk Out Female Commissioner For Improper Dressing

Members of Edo State House of Assembly on Wednesday asked the Commissioner for Health, Aihamuwa Eregie, to vacate the House for improper dressing. Eregie was asked to leave the hallowed chamber during the presentation of the 2015 budget performance of the Ministry of Health. The Deputy Speaker, Bright Osayande (APC- Ovia North-East II), who raised the observation, said the commissioner was not properly dressed and should not be allowed to appear before the House. Adjoto Kabiru (APC Akoko-Edo), who concurred...

Northern Lawmakers Kick Against Birth Control, Says It Is Anti-Islam And A Direct Attack On Their Religious Beliefs

A member of the lower chamber of the National Assembly, Babatunde Gabriel Kolawole on Tuesday, November 24, moved for the motion titled "Need for the federal government to curb population explosion in Nigeria." Kolawole in his arguement urged the Federal Government to come up with a policy to check the alarming rate of population growth and to educate Nigerians on the importance of family planning through the National Orientation Agency (NOA). The Lawmaker based his arguement...

YBNL Boss Olamide Loses Dad

Top Nigerian rapper, Olamide Adedeji has announced the death of his father. Olamide who just released his 5th studio album, Eyan Mayweather, announced the sad news on his Instagram page on Thursday. While praying for the peaceful repose of his father, the YBNL rapper wrote a farewell message via his Instagram thus: “O God, who hast commanded us to honor our father and our mother; in Thy mercy have pity...

We Need N8.7billion To Effectively Fight Boko Haram – IG Of Police, Solomon Arase

Inspector General of Police, Solomon Arase says the Nigerian Police Force will require N8.7billion to effectively fight Boko Haram. Arase said this while speaking at an interactive session with members of the House of Representatives Committee on Police Affairs today November 26th. He told the house members that there was a N57bn outstanding due to the Nigerian police that was appropriated but has not been released till date.

27 APC Aspirants In Race To Replace Audu

Few hours after the All Progressives Congress (APC) opted for a fresh primary to fill the vacuum created by the death of its governorship candidate in November 21 polls in Kogi State, there were indications that no fewer than 27 aspirants are warming up to grab the party’s ticket. Electoral umpire – the Independent National Electoral Commission (INEC) has asked the APC to replace its late candidate for the supplementary election scheduled for December 5.

118 Shops Burnt Down In Jos Market

A raging night inferno razed 118 shops at the Kabong market in Jos North on Thursday morning, the News Agency of Nigeria (NAN) reports. A reporter, who visited the market, could not access the burnt section as some shops were still in flames. Others also had thick smoke billowing from them, making visibility very difficult. The actual cause of the fire could not be ascertained, but Mr Christopher Jama, Chairman, Kabong Market Traders Association,...

Declare Wada As Winner Of Kogi Election, PDP Tells INEC

The national leadership of the Peoples Democratic Party (PDP) has called on the Independent National Electoral Commission (INEC) to declare its candidate, Governor Idris Wada, as the winner of the November 21 governorship election in Kogi State. The party is also seeking the exclusion of the All Progressives Congress (APC) from the supplementary election slated for December 5. The INEC had declared the election inconclusive following the cancellation of the poll in 91 units across 18...

100 Women Die Daily In Northern Nigeria During Childbirth- UNFPA

Ms Ratidzai Ndhlovu, Nigeria Country Director of United Nations Population Fund ( UNFPA), says no fewer than 100 women die daily across Northern Nigeria during childbirth. She spoke on Thursday in Sokoto at a consultative meeting with the theme: “Accelerating the Reduction of Maternal Deaths in Northern Nigeria: The Role of the Traditional and Religious Leaders.” Ndhlovu decried the high maternal mortality figure, and stressed that collective efforts must be stepped up to redress the...

Police Officer Mistakenly Shoots Wife In Lagos

A police corporal attached to the Special Anti Robbery Squad (SARS) Ikeja, La­gos Police Command, on Tuesday night, mistaken shot his wife in their resi­dence at Egbeda area of Lagos. Investigation revealed that the officer, who is described as one of the best officers of the command, forgot to put the pistol on safety catch when he got home at about 10.00pm. Excited to see her hus­band, the deceased hugged her husband and also helped...

Man Sentenced To Life In Prison For Raping His 14 Year Old Niece

Fumanekile Zibi, 37, from Butterworth, South Africa, was yesterday, November 25, convicted and sentenced to life in prison for 4 counts of rape of his 14-year-old niece in 2013.

Senate Confirms Nomination Of Ahmed Kuru As AMCON MD

The Senate has confirmed the nomination of Ahmed Lawan Kuru as Managing Director of the Asset Management Corporation of Nigeria (AMCON). Recall that Kuru was appointed by President Muhammadu was appointed to replace Mustafa Chike-Obi after Buhari dissolved the executive team of the Assets Management Corporation of Nigeria (AMCON) Kuru is formerly the Group Managing Director and Chief Executive Officer of the defunct Enterprise Bank Limited. He started his banking career with the old Habib...

Senate Confirms Nomination Of Ahmed Kuru As AMCON MD

The Senate has confirmed the nomination of Ahmed Lawan Kuru as Managing Director of the Asset Management Corporation of Nigeria (AMCON). Recall that Kuru was appointed by President Muhammadu was appointed to replace Mustafa Chike-Obi after Buhari dissolved the executive team of the Assets Management Corporation of Nigeria (AMCON) Kuru is formerly the Group Managing Director and Chief Executive Officer of the defunct Enterprise Bank Limited. He started his banking career with the old Habib...

Akpabio’s World Class Hospital Opens 6 Months After Launch

The much talked-about “world-class” Akwa Ibom specialist hospital has finally begun operations, six months after it was hurriedly commissioned by former Governor Godswill Akpabio who left office May 29. The hospital, initially known as the Akwa Ibom 20th Anniversary Hospital, is now officially called Ibom Specialist Hospital. The hospital became a subject of controversy in September after Mr. Akpabio, now senate minority leader, travelled to the United Kingdom for medical attention after a car accident,...

Five Oil Marketers Banned From Supplying Aviation Fuel

The Nigerian Civil Aviation Authority (NCAA) has directed five oil marketing companies to stop supplying aviation fuel to local and foreign airlines operating in the country. In a notice to the Airline Operators of Nigeria (AON), the NCAA explained that the suspension became necessary due to lack of depot facilities by the oil firms and the inability to verify their integrity and competencies. The five firms listed in the NCAA circular are; Ascon Oil, Acorn...

This Woman Says Her Affairs With Married Men Help Their Marriage

45-year-old business woman Gweneth Lee who is also a financial consultant from London has had three long affairs with married men and she believes she did their wives a favour. She believes the men would have left their wives had they not been able to cheat discreetly. She says one of the women even knew about the affair and tolerated it so long as everyone was happy.

Roli Bode George Becomes Acting Chairman Of NDLEA

Roli Bode George, the wife of PDP Chieftain, Bode George has assumed office as the acting Chairman of the National Drug Law Enforcement Agency, NDLEA. Her appointment comes after the former chairman of the anti-drug agency Ahmadu Giade retired from office on Wednesday November 25th after serving the agency for 10 years.  Giade handed over to the Roli Bode-George in a parade at the Ikoyi...

Two Ghanaians Arrested In Amsterdam For Pounding Fufu In Their Flat On 7th Floor

Amsterdam would pass as second Kumasi—with several Ghanaians having made the place their first home because of the high standard of living and countless economic opportunities the capital of Netherlands presents. Of course with such great opportunities and order come the laws which make the country attractive; and everyone living in Netherlands, even if from the Amazon forest or Tuobodom must abide by the laws of the land. But Ghanaians love their fufu and light soup and though the...

South Korea Professor Forces Student To Eat Faeces

A South Korean court on Thursday jailed a university professor for 12 years for forcing a student to eat human faeces and drink urine during a two-year period of physical and psychological assault. The sentence was two years more than had been demanded by prosecutors, reflecting, the court said, “unimaginable atrocities” committed by the 52-year-old professor that had amounted “to a sort of psychological murder”. The professor, identified only by his surname Jang, was arrested in July after his victim —...

Kogi Governorship Poll: Audu’s Supporters Push For Son As Replacement

There were strong indications on Wednesday that the campaign organisation of the late Kogi State governorship candidate of the All Progressives Congress, Alhaji Abubakar Audu, was preparing a ground for the emergence of the deceased’s son, Mohammed, as a replacement for his father. Audu died on Sunday, a few hours after the Independent National Electoral Commission declared the November 21 governorship poll in the state inconclusive. The deceased had polled 240,867 votes in the election...

Pastor Chris Oyakhilome May End Up In Prison In South Africa

South Africa’s Commission for the Promotion and Protection of Cultural, Religious and Linguistic Communities (CRL Rights Commission) has threatened a jail term for Chris Oyakhilome if his church, Christ Embassy, fails to release its financial records. Several controversial religious leaders could also face prison if they do not adhere to the demands of the Commission. Commission head Thoko Mkhwanazi-Xaluva told News24 she had already asked the National Prosecuting Authority (NPA) to advise on their next legal course of action. “We...

Lagos Doctors Hail Ambode For Resolving Issues In Health Sector

…Gov Urges Medical Practitioners To Uphold Oath In Discharging Duties Doctors in Lagos on Wednesday hailed the efforts of the State Governor, Mr. Akinwunmi Ambode for his efforts towards resolving the outstanding issues relating to welfare of doctors as well as improving the healthcare delivery in the state. Speaking at the General Meeting/Scientific Conference & Continuing Medical Education of the Medical Guild in Lagos, Chairman of the Guild, Dr. Biyi Kufo acknowledged the...