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VOL. 7, NO. 2096 TUESDAY, APRIL 17, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
N150.00
69 oil marketers to refund N241.247b petrol subsidy Stakeholders seek probe from 1999
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From Yusuf Alli, Abuja
HE House of Representatives Ad hoc Committee on Fuel Subsidy has asked 69 oil marketers to refund N241.247billion. Besides the illegal cash they got last year, 46 companies did not pay taxes, according to the Federal Inland Revenue Service. The committee established that N1.692trillion was paid as subsidy last year. But stakeholders in the industry, including some oil majors, are insisting that the probe ought to be from 1999 to date. Besides, the presentation of the report today by the committee has assumed ethnic dimension with a group, the South-
DISALLOWED CLAIMS TO DISCHARGES AND SUBSIDY 2010-2011
Name of marketers
volume deductible
subsidy refundable
•ACORN Plc •ALMINNUR Resources Ltd •AMG Petro-Energy Ltd •ANOSYKE Group of Co. Ltd •ASCON Oil & Gas Company •AVANT Garde Energy •A-Z Petroleum •CAH Resources Association Ltd •CONOIL Plc •CRUST Energy Ltd •Downstream Energy Source Ltd •DOZZY Oil & Gas Ltd •DUPORT Marine Ltd •ECO-REGEN Ltd •Eurafic Oil and Coastal Services Ltd •First Deep Water Discovery Ltd •Fradro International Ltd •Fresh Synergy Limited •Heyden Petroleum •Ibafon Oil Limited
140,894,149.00 46,918,888.00 119,233,618.00 15,769,795.00 64,745,352.00 19,470,988.00 130,721,532.00 323,005.00 46,664,121.00 13,301,936.00 39, 341,145.00 19,081,051.00 47,374,819.00 38,060,916.00 42,442,180.00 12,244,946.00 45,808,707.00 19,350,390.00 40,441,260.00 20,134,910.00
8,514,900,513.00 2,543,800,931.00 7,226,773,136.00 1,318,443,535.00 4,451,932,090.00 1,154,824,298.00 8,065,557,648.00 24,205,727.00 3,027,526,589.00 1,192,651,581.00 2,947,780,261.00 1,587,298,801.00 3,555,127,358.00 3,339,101,218.00 3,868,147,024.00 3932,207,739.00 3,661643,268.00 1,417,029.059.00 3,345,455,733.00 1,474,479,459.00
N26b Police pension cash in five banks From Onyedi Ojiabor, and Sanni Onogu, Abuja
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F the N32billion Police Pension Fund cash, N26 billion has been traced to five banks. The Senate Committee probing the funds’ management also heard yesterday that the Chairman, Pension Reform Task Team, Mr. Abdulrasheed Maina, spends over N9 million monthly on security. As the Senator Aloysius Etok-led investigative panel on Management of Pension Funds resumed Continued on page 6
Continued on page 6
Panel: scrap EFCC, ICPC, FRSC, others
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From Vincent Ikuomola, Abuja
OME federal agencies are to die – should the government embrace the recommendations of a committee it set up to examine its parastatals. The Steve Oronsaye Committee on Rationalisation of Federal Government Parastatals and Agencies, which was set up in August, last year, after working for eight months, submitted its report to President Goodluck Jonathan yesterday. No fewer than 102 heads of agencies and parastatals (MDAs) will lose their plum The fact positions, should that an insti- President Jonathan implement the rectution is ommendations. inefficient There are 541 govparastatals, and ineffec- ernment commissions and tive should agencies (statutory and non-statutory). not be a The committee’s basis for the 800-page report revealed that 12 years creation of after the government
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new ones.
Continued on page 6
•IN THE DOCK: Former Ogun State Governor Gbenga Daniel at the Ogun High Court IV in Abeokuta during his trial for alleged stealing, bribery and fraudulent conversion of public funds to his personal use ... yesterday. Story on page 57
•SPORTS P15 •PROPERTY P25 •POLITICS P37 •ENERGY P41 •AVIATION P46