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 […]
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 […]