Tag: oil subsidy
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EFCC re-arraigns former PDP chairman’s son for alleged oil subsidy fraud
The Economic and Financial Crimes Commission (EFCC) on Friday re-arraigned Mamman Ali, son of a former National Chairman of the Peoples Democratic Party (PDP), Ahmadu Ali, for alleged N2.2 billion oil subsidy fraud. Ali was re-arraigned alongside one Christian Taylor and a company, Nasaman Oil Services Ltd. before an Ikeja Special Offences Court.
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Alleged $3m fuel subsidy: Farouk Lawan to file no case submission
The former Chairman of the House of Representatives Ad hoc Committee on Fuel Subsidy Regime, Farouk Lawan, facing alleged $3million fuel subsidy bribe, on Monday hinted that he would file a no-case submission in an FCT High Court, Apo. The Independent Corrupt Practices and Other Related Offences Commission (ICPC), charged Lawan, before Justice Angela Otaluka.…
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Governors allege fraud in NNPC, demand probe on subsidy payments
The Nigerian Governors Forum on Wednesday accused the Nigerian National Petroleum Corporation of fraudulently doubling daily consumption of petrol from about 30 million litres to 60 million litres. The governors also demanded a thorough investigation of oil subsidy payments made from 2015 to date. A delegation of the forum led by its chairman, Governor Abdulaziz…
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N754m oil subsidy fraud: How Ontario MD, others bagged 10 years
Mrs Ada Ugo-Ngadi, Managing Director of Ontario Oil and Gas Limited and Walter Wagbatsoma, the company’s chairman, were on Thursday sentenced to 10 years imprisonment for defrauding the Federal Government of N754 million in oil subsidy claims. Justice Lateefa Okunnu of the Lagos High Court handed the judgement following a case files by the EFCC.…
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Fuel subsidy fraud: Court adjourns trial of oil marketer to March 8
A Federal High Court Lagos on Thursday, fixed March 8 for the continuation of trial of an oil marketer, Olaniran Ogundipe, and his company, Petroleum Broker Nigeria Ltd, over N1.3 billion alleged oil subsidy fraud. Ogundipe and his company were first arraigned before the court on March 19, 2014. At the resumed hearing of the…
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Nigeria saves N15.4 billion monthly from fuel subsidy removal – Osinbajo
Vice-President Yemi Osinbajo says the fuel subsidy removal has removed a burden of not less than N15.4 billion monthly from the Federal Government. Osinbajo said this in Abuja on Thursday at the 2016 presentation of Scorecard of the Ministry of a Petroleum Resources and Agreements Signing ceremony for Joint Venture Cash Calls (JVC) exit. Represented…