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We’ll recover fuel subsidy loot soon – Dr. Okonjo-Iweala

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, said, yesterday, that the Federal Government would recover the excess payments made to petroleum marketers on subsidy, as soon as the Aigboje  Aig-Imoukhuede committee completes its assignment. She revealed this after the second Prof. Barth Nnaji annual lecture at the Enugu State University of Technology, Enugu. President ... Read More »

Download the draft of the Petroleum Industry Bill (PIB) 2012

The PIB has undergone a lot of abuse and transformation. This latest one is the poorest of the lot. It’d help for you to look through and identify areas Nigerians could be shortchanged if passed by the National Assembly. This bill was designed to favour the Oil multinationals and Gas majors, with Nigerians on the receiving end again. It is ... Read More »

Lawan must resign, face criminal trial – Keyamo

Lagos-based lawyer, Mr. Festus Keyamo, on Wednesday said the suspended Chairman, House of Representatives Ad hoc Committee on Fuel Subsidy Regime, Mr. Farouk Lawan, must resign and face criminal trial for allegedly collecting money from the Chairman of Zenon Oil, Mr. Femi Otedola, to influence his committee’s report. Keyamo said in a statement on Wednesday that the “sequence of undisputed ... Read More »

Incredible: Court bars FG from acting on fuel subsidy report

Another set back for the fuel subsidy report Read More »

Subsidy Scam: Indicted Fuel Marketers Won’t be Prosecuted – Attorney General

The Attorney General of the Federation, Mohammed Adoke Bello, has stated that the fuel marketers indicted in the House of Representatives Adhoc fuel subsidy report will not be prosecuted. The attorney general made the statement in a sworn affidavit deposed to at a Federal High Court in Abuja. Adoke Bello is the third defendant in a suit brought against his ... Read More »