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The recommendation for total removal of fuel subsidy by the National Conference Committee on Public Finance and Revenue generated controversy. CLEMENT IDOKO traces the history of fuel subsidy removal in the country… THE furore that always trails government’s attempt to remove subsidy on petroleum products was reignited at the ongoing National Conference when delegates broke into opposing camps, arguing for […]
Subsidy Regime of Controversy 2014-07-01 MICHAEL EBOH A of years now the Federal Government has mused over the removal of subsidy on some petroleum products, notably, premium motor spirit, PMS or petrol and household kerosene, HHK, simply called kerosene. Datelines have been pushed yearly, and now pegged at 2015. However, attempts to remove the fuel subsidy, supported through the Petroleum […]
Stakeholders have rapped the Bayelsa State government for not involving the people in its budget processes to justify claims of operating transparent governance in the state. They observed that the annual budgets of the state, even under the present administration in the state, have not had the peoples’ inputs in the budgeting processes. Their position was contained in a communique […]
In what may be its biggest haul of suspected economic criminals till date, the Economic and Financial Crimes Commission (EFCC) has arraigned 121 suspects, including companies, for alleged fuel subsidy scam and oil theft in the Niger Delta. EFCC EFCC Boss It has also recovered about N6.53 billion from evaders of customs duties at the Lagos ports. EFCC’s Head of […]
N976.6m Fuel Subsidy Fraud: EFCC Files Amended 10-Count Charge Against Oil Marketer — June 25, 2014 The Economic and Financial Crimes Commission (EFCC) on Wednesday filed an amended 10-count charge against an oil marketer, Habila Theck, who is facing a N976.6 million fuel subsidy fraud charge. The charge was filed against Theck and his company — Fargo Petroleum and Gas […]
JUNE 25, 2014 BY FRIDAY OLOKOR A civil rights organisation, Africa Network for the Environment and Economic Justice, has asked President Goodluck Jonathan to show courage by bringing to justice all suspects involved in the oil subsidy theft, irrespective of their religious, political and ethnic cleavages. According to ANEEJ, the government must immediately resume and fast-track the prosecution of individuals […]
Gentlemen of the press, I welcome you all to this important press briefing to reflect on a major issue that drew the attention of all Nigerians in January 2012-Oil subsidy fraud and corruption cases of unimaginable proportion. We would also reflect on the current political impunity in Nigeria which is threatening both our hard earned democracy and the unity of […]
COMMUNIQUÉ PREAMBLE The Africa Network for Environment and Economic Justice (ANEEJ), in collaboration with Bayelsa Non-governmetal Organisations Forum (BANGOF), convened a 2-day workshop for Civil Society Organisations in Bayelsa State, from the 17thth – 18th June, 2014, at Celebrity Hotels, Yenagoa, Bayelsa State. The workshop which focused on Participatory Budgeting and Data Driven Campaign was held in pursuance of the […]
Stakeholders in the nation’s oil and gas sector urged President Goodluck Jonathan to demonstrate the political will to prosecute companies and individuals indicted by the Lawan Farouk and Nuhu Ribadu Committees on oil subsidy fraud and corruption. The stakeholders made this urge at a two-day workshop on monitoring and reporting of oil subsidy/corruption cases in Nigeria, saying there should be […]
BY MICHAEL EBOH The Federal Government has been called upon to set up a special financial crimes unit for the oil and gas sector to deal with corruption in the sector, especially in the area of fuel subsidy. This was contained in a communiqué issued at the end of a two-day workshop on monitoring and reporting of oil subsidy fraud/corruption […]