Thursday, March 1, 2012

Ribadu task force gets 60 days to clean up oil industry

29 February 2012

The Federal Government on Tuesday gave the Petroleum Special Task force 60 working days within which to probe and clean up the oil industry.

The task force is headed by the pioneer chairman of the Economic and Financial Crimes Commission, Mallam Nuhu Ribadu.

Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, who handed the deadline at the inauguration of the task force in Abuja, said several attempts to reform the oil and gas industry had failed because of vested interests.

Alison-Madueke said the time had come to break entrenched interests in the oil and gas sector in order to restore confidence in government and eschew cynicism.

The  minister said the task  force was established to enhance probity and accountability in the operations of the petroleum industry. 

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