Written by Mohammed Shosanya, Lagos The Africa Network for Environment and Economic Justice (ANEEJ) has commended the Economic and Financial Crimes Commission (EFCC) over its renewed efforts in pursuing ongoing fuel subsidy corruption cases in the country. The group’s action was sequel to the accelerated pace some of the cases have been receiving in the past two months. ANEEJ’s Policy […]
President Goodluck Jonathan’s demonstration of government’s apparent helplessness in checking rampaging economic terrorists eating up 60 percent of fuel subsidies meant to assist the poor, does not inspire hope of ending the nation’s financial hemorrhage that denied the citizenry of improved socioeconomic welfare. The President had August 28 failed woefully to address satisfactorily the age long pilferage of fuel subsidies […]
18 Oct 2014 (This day Newspapers) Minister of Finance and Co-coordinating Minister for the Economy, Ngozi Okonjo-Iweala Fall in crude oil prices may stall payment Yemi Adebowale About 46 oil marketers in the country are grappling under the yoke of heavy debts following the failure of the Federal Ministry of Finance to pay them the outstanding verified subsidy claims and […]
17 Oct 2014 • Trillions of naira could be ploughed back to govt revenue • Cash-strapped states to benefit • Okonjo-Iweala warns about effects of falling crude price Omololu Ogunmade in Abuja and Ejiofor Alike in Lagos As oil prices continue to make their descent and are expected to fall below $80 a barrel, oil market analysts have called on […]
Walter Wagbatsama; Adaoha Ugo-Ngadi; Fakuade Babafemi Ebenezer and Ontario Oil & Gas Nigeria Limited are alleged to have fraudulently obtaining the sum of N1,959,377,542.06 from the Petroleum Support Fund for a purported importation of 39.2million litres of Premium Motor Spirit. BY WILSON UWUJARENOCT 13, 2014 Walter Wagbatsama, Adaoha Ugo-Ngadi and their company, Ontario Oil and Gas Nigeria Limited have lost […]
AGENCY REPORTS — Oct 10, 2014 An Ikeja High Court on Friday discharged an accountant, Ezekiel Ejidele, who was tried for complicity in a N1.9 billion fuel subsidy fraud. Justice Lateefat Okunnu discharged Ejidele, a staff of Akintola Williams Delloite, after upholding his no-case submission application. The News Agency of Nigeria (NAN) reports that Ejidele was charged alongside two oil […]
October 7, 2014 by Ade Adesomoju, Abuja (The punch newspapers) The Supreme Court has slated December 8 for hearing in a suit filed by the governors of the 36 states of the federation against the Federal Government challenging the manner of deduction of fuel subsidy funds from crude oil proceeds. The governors, who sued through their respective Attorneys-General described as […]
by: Adebisi Onanuga 7th October 2014 (The Nation Newspaper’s) Witness of the Economic and Financial Crimes Commission (EFCC), Kehinde Akinmolayan, has denied the commission’s claim that his life is under threat. Akinmolayan, who was said to be the star witness in a N1.1 billion fuel subsidy fraud charge brought by the commission against two oil marketers, Opeyemi Ajuyah and Abdullahi […]
by MATTHEW IRINOYE on Sep 30, 2014 Justice Lateefat Okunnu of a Lagos State High Court, sitting in Ikeja, yesterday issued a witness summon against a witness of the Economic and Financial Crimes Commission, EFCC, Engineer Kehinde Akinmoloyan, who is a prosecution witness in the on-going trial of an oil marketer, Opeyemi Ajuyah, over the alleged subsidy fraud. It would […]
September 17, 2014 An oil marketer, Opeyemi Ajuyah, yesterday, faulted the claim by the Economic and Financial Crimes Commission (EFCC) that her company diverted over 10,000 metric tonnes of petrol. efcc logoAjuyah and her company, Majope Investment Ltd, are being prosecuted by the EFCC before Justice Lateefat Okunnu of an Ikeja High Court. They are standing trial alongside another oil […]