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VOL. 7, NO. 2098 THURSDAY, APRIL 19, 2012
TR UTH IN DEFENCE OF FREEDOM TRUTH
N150.00
NNPC, PPPRA, marketers to refund N1.070 trillion Report exposes subsidy fraud
S
OME details of the rot in the oil industry were laid bare yesterday – courtesy of the House of Representatives Ad Hoc Committee on Fuel Subsidy
HIGHLIGHTS OF THE HOUSE PROBE REPORT •NNPC to refund N595.49b to Federation Account, PPPRA •NNPC should be unbundled, management and board to be overhauled •Executive Secretaries of PPPRA from 2009 to 2011 for trial •OAGF paid N999m in 128 times within 24 hours •N2,587.087 trillion blown on fuel subsidy as at December 31 •Committee Approves N557.70b for subsidy in 2012 •EFCC, ICPC to probe, recover N230.1billion from 72 oil marketers. •N999m paid to unnamed entities 128 times (N127.872billion) •18 firms to refund N41.936b •15 oil marketers to refund $402.610b From Victor Oluwasegun and Dele Anofi, Abuja
Management. The committee yesterday directed the Nigerian Na-
tional Petroleum Corporation (NNPC) the Petroleum Products Price Regulatory Agency, oil marketers and others to refund over
N1.070trillion. The Farouk-Lawan panel also recommended the immediate unbundling of the NNPC and prosecution of top
officials of the Petroleum Products Pricing and Regulatory Agency (PPPRA). Besides, called for investigation of 72 oil companies and recovery of N230, 184,605,691.00. It referred 15 oil marketers to the EFCC and ICPC for collecting $402.2.610b as FOREX in 2010 and last year without but did not import petroleum products. The panel said another set of 18 oil companies who benefited from the Fuel Subsidy Scheme but refused to appear before it will refund Continued on page 2
•Osun State Governor Rauf Aregbesola (middle); his Deputy, Mrs.Titi Laoye-Tomori; Christian Association of Nigeria (CAN) chairman Superior Evangelist Abraham Akinola Aladeseye, Osun State Chapter (fifth right) and other Christian leaders after a meeting between the State Government and CAN at the Government House, Osogbo, Osun State ... yesterday. Story on page 2.
ACN governors: Aregbesola’s persecution unjust From Adesoji Adeniyi, Osogbo
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OVERNORS of the Action Congress of Nigeria (ACN)- controlled states have condemned the “unjust persecution” of Osun State Governor Rauf Aregbesola, by the Peoples Democatic Party (PDP). Ekiti State Governor Kayode Fayemi, on behalf of his ACN governor – colleagues, issued a statement in Ado-Ekiti, the state capital, saying the PDP chose to demonise Aregbesola in a bid to cripple his administration and foment a crisis in Osun State and the Southwest. Continued on page 2
•Glo Divisional Director (Southeast) Mike Ehumadu (left) and Glo ambassadors Chioma Akpotha and Nonso Diobi presenting the keys to a brand new Toyota Venza car to a winner in the Glo “text4millions” promo, Amuzie Innocent, a lawyer and official the University of Nigeria, Nsukka and his wife Charity (middle) in Enugu ... yesterday .
Govt kicks as US issues Boko Haram warning •Senate: end to attacks From Onyedi Ojiabor, Sanni Onogu and Vincent Ikuomola, Abuja
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MERICA issued yesterday a Boko Haram attack warning. But the Federal Government said security agents are prepared for such challenges. Should any country have doubts, it should contact the Nigerian authorities, the government said. The U.S warned its citizens living in Nigeria that Boko Haram is planning attacks in major hotels in Abuja. “The U.S. Embassy has received information that Boko Haram may be planning attacks in Abuja, Nigeria, including against hotels frequently visited by Westerners,” an emergency message on its website said yesterday. “The Nigerian government is aware of the threat and is actively implementing security measures.” The U.S. authorities issued a similar warning in November, naming the Hilton, Sheraton and Nicon Luxury as Abuja hotels that could be targets for Boko Haram, but it later retracted it. The Federal Government said then that high profile hotels were always a possible target but security was tight and people should not live in fear. However, occupancy at those hotels dipped after the last U.S. warning. The embassy did not name specific targets this time. The Hilton in Abuja said it always took security seriously. Continued on page 2
•SPORTS P16 •EDUCATION P25 •POLITICS P43 •E-BUSINESS P51