Browsing: Fuel subsidy

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.