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 Bob MajiriOghene Etemiku I have on my table a letter written by the Attorney General of the Federation and Honorable Minister of Justice of the Federal Republic of Nigeria, and dated 24th May 2014. It is addressed to the Asset Forfeiture Money Laundering Section, Criminal Justice System of the United States of America. A perusal of the content of […]
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 […]
The Africa Network for Environment and Economic Justice (ANEEJ) with support from Bread for the World – Protestant Development Service, organized a two-day workshop for selected staff of Port Harcourt City Local Government Council in Rivers State from Wednesday 24th – Thursday 25th September, 2014 at Aldgate Congress Hotels, Port Harcourt. The workshop with the theme “Building Capacity for Effective […]
By Kelly Ovie Umukoro My heart bleeds each time I think about the modus operandi of corrupt leaders in our society, we work very hard to inform the society about the evil of corruption everyday as anti- corruption agent but, this evil persist, the question is why? The issue of Corruption is not a recent one in Nigeria. Since the […]
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 […]
victor emejuiwe (Leadership Newspapers) Sep 8, 2014 | Leave a comment In 2014 budget, the sum of N971 billion was appropriated for fuel subsidy; this is close to the annual sum appropriated for capital projects. Can this be the real amount paid to oil marketers as subsidy, for importing refined crude across the country? If this be the case, it […]
By Comrade Timi Frank By Mayjorh on September 2, 2014 (Olaitan Ajiboyes Blog, Published on Leadership Newspapers) When President Goodluck Jonathan precipitously removed fuel subsidy, in January 2012, the country was wracked by protests, strikes and demonstrations. Prior to Jonathan’s miscalculation, most Nigerians had always argued that there was nothing like fuel subsidy. Rather, they asked the federal government to […]
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 […]