Sunday, February 12, 2012

House Probe: Fresh fraud uncovered in subsidy payments

9 February 2012

ABUJA – Fresh massive fraud in the subsidy payments on fuel and kerosene was, Thursday,  unearthed in the on-going investigation on fuel subsidy regime.

This is coming as the Attorney General to the Federation and Minister of Justice, Mr. Mohammed Adokie testified that his office was not aware of the fuel subsidy payment as it ought to be guided by law.

On the illegal transactions of Sahara Oil, the Minister said the matter has been reported to the security agencies for proper investigation.

Meanwhile, the Nigeria National Petroleum Corporation, NNPC, Group Managing Director, GMD, Mr Austen Oniwon, and the Executive Secretary of Petroleum, Pricing, Products, Regulatory, Agency, PPPRA and others failed to provide reason on why kerosene is sold at N130 against the subsidised price of N50.

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