They said only a few individuals have hijacked the benefits from the subsidisation of petroleum products
Browsing: Fuel subsidy
This is will be the second time in a week that a committee will recommend the removal of fuel subsidy
The marketers – Ifeanyi Anosike, Emeka Chukwu and Ngozi Ekeoma – are being prosecuted over an alleged N1.5 billion fuel subsidy fraud
Alagbe made the allegation while being led in evidence by the Prosecutor, Olabisi Ogungbesan of the Lagos State Directorate of Public Prosecutions
The state governments, through their Commissioners for Finance had last week mooted the idea of the removal of subsidy from petroleum products
This was just as state governments, through their Commissioners for Finance, demanded for the removal of fuel subsidy and for the proceeds to be allocated directly to the states
She said that in 2006, the total petroleum subsidies paid to oil marketing firms amounted to N256 billion and by 2011 the bill for petroleum subsidy payments had risen sharply to nearly N2.10 trillion
The witnesses, Messrs Adekunle Alabi and Alimi Abubakar, made the allegation while testifying at the trial of Fabunmi, a former DPO of Pen Cinema Police Station, Agege, Lagos
The court awarded the compensation in its judgment on a fundamental human rights enforcement suit, dated March 13, 2012, instituted on behalf of the four applicants by the Lagos State Office of the Public Defender
The Lagos State Director of Public Prosecutions, Olabisi Ogungbesan, said that he committed the crimes at about 9:30am on January 9, 2012, at Yaya-Abatan, Agege, Lagos
The offence, according to the charge sheet, is contrary to Section 8(a) and punishable under Section 1 (3) of the Advance Fee Fraud and Other Related Offences Act No 14 of 2006
Melaye believes the attack is in connection with his anti-corruption crusade against the government
“It is an undeniable fact that every responsible leadership, genuine stakeholder and patriot must be worried when a Nation spends about N1 Trillion, an equivalent of about 20% of the National Budget, on subsidy paid out to a few Companies and enjoyed in the main by very few elites, while the common man benefits only minimally
The Economic and Financial Crimes Commission on Thursday, re-arraigned Abdullahi Alao and Axenergy Limited before Justice Adebisi Akinlade of a…
Lawan and Boniface were accused of collecting $3 million bribe from the Chairman of Zenon Petroleum and Gas Limited, Femi Otedola, in the course of their duties in the monitoring of the fuel subsidy regime
Last month it was reported that the Nigerian National Petroleum Corporation alerted President Goodluck Jonathan to a looming acute fuel shortage if the Federal Government fails to pay N1.13trn subsidy owed it (NNPC).
Specifically, the accused persons were arraigned on a 13 count charge for allegedly obtaining N4.5 billion through false pretence contrary to Section 1 (2) and (3) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006
The President of the NLC, Comrade Abdulwahed Omar, said this following the hint by President Goodluck Ebele Jonathan that the government was contemplating the removal of subsidy on fuel
The arraignment of Ubah on Thursday at Magistrate Court 5 in Tinubu, Lagos Island, followed allegations that he fraudulently obtained N43.291 billion from the Federal Government for the importation of fuel.