28 Aug 2014 (This day Newspapers) Paul Obi The Economic and Financial Crimes Commission (EFCC) Thursday re-arraigned eight persons alleged to have defrauded the federal government of billions of naira on petroleum products. The accused arrested include Adedamola Ogungbayibi, Olaniran Olabode, Suraju Gasali, Moses Emmanuel, Wilson Bonsi, Padoun Kayode Jacob, Okparaodi Omaka Uche and Onyeogo Happy. The accused were arraigned […]
INTRODUCTION/BACKGROUND Fuel subsidy was introduced as a temporary measure in 1988 by the Federal Government of Nigeria as part of its structural Adjustment Program (SAP), to among other things stabilize price of petroleum products and stop gap measure as refineries underwent rehabilitation. Since then, the government started subsidizing the pump price of petroleum products, such as petrol, kerosene and diesel […]
Justice Abang admitted the accused persons to bail on terms previously offered by court and adjourned the case to August 29, 2014, for continuation of trial. BY SAHARA REPORTERS -AUG 28, 2014 The Economic and Financial Crimes Commission EFCC, on Thursday August 28, 2014, re-arraigned Adedamola Ogungbayibi, Olaniran Olabode, Suraju Gasali, Moses Emmanuel, Wilson Bonsi, Padoun Kayode Jacob, Okparaodi Omaka […]
28 Aug 2014 Paul Obi The Economic and Financial Crimes Commission (EFCC) Thursday re-arraigned eight persons alleged to have defrauded the federal government of billions of naira on petroleum products. The accused arrested include Adedamola Ogungbayibi, Olaniran Olabode, Suraju Gasali, Moses Emmanuel, Wilson Bonsi, Padoun Kayode Jacob, Okparaodi Omaka Uche and Onyeogo Happy. The accused were arraigned before Justice O.E. […]
August 28, 2014 Steve Ayorinde As far as the knotty issue of petroleum subsidy fraud is concerned, Nigerians cannot afford to take their eyes off the ball. Apprehension and prosecution of fraudulent persons and organizations, in addition to recovering the loot from them, should be important components of any effort aimed at sanitizing the oil sector. These are crucial as […]
By: Charles Okonji August 28,2014 Strong indications have emerged that the Federal Government and the United States have launched full investigation into smuggling of the Nigerian crude oil through Saltpond platform in Gbana. Information gathered revealed that several thousands of barrels, which were supposedly pilfered from Nigeria, made their way to global markets through Saltpond oil facility, which is owned […]
By Francis Onoiribholo The Executive Director of Africa Network for Environment and Economic Justice (ANEEJ), David Ugolor, on Tuesday gave kudos to the Economic and Financial Crimes Commission (EFCC) over reaction to oil deal. The kudos came on the heels of EFCC’s prompt refutal of allegation published in the US-based Wall Street Journal that it allegedly sold crude oil seized […]
By Stella Omona Africa Network for Environment and Economic Justice (ANEEJ) has commended the Department of Justice, United States of America for tracking more than $480 million in corruption proceeds hidden in bank accounts around the world by former Nigerian Head of State, General Sani Abacha, his son, Mohammed Abacha, and other co-conspirators. The U.S. Attorney- General, Leslie R. Caldwell […]
25 August, 2014. For Immediate Release Benin City….. The United States government according to latest Wall Street Journal (WSJ) launched investigation into crude oil shipments from Saltpond platform, a small oil facility off the coast of Ghana, due to strong suspicion that some of Nigeria’s stolen oil may be exported through the facility. The platform, it was learnt, has been […]
25 Aug 2014 EFCC Logo Fenix Impex denies any involvement Paul Obi in Abuja Following reports by the Wall Street Journal (WSJ) regarding investigation by the United States Government into the alleged sale of stolen crude oil from Nigeria to a Ghana-based company, the Economic and Financial Crimes Commission (EFCC) has challenged claims by Lashann International Energy Corporation to provide […]