...towards a better life for the people
** MONDAY, JULY 2, 2012
VOL. 25: NO. 61656
EURO 2012 FINALS: PAIN FOR ITALY
N150
I'm not soft on fight against corruption — Jonathan •Pg.6
Spain: Un4gettable W
ORLD Champions, Spain, yesterday, contin ued their domination of world football when they totally outclassed Italy 4-0 to successfully retain the European Championship, the first country to do so. Two first half goals by Silva and Jordi Alba knocked Italy out of their stride and gave Spain to play their possession football to the delight of their fans and admirers of good football. The early goals forced Italy to struggle but their efforts were further dimmed by two more brilliant goals scored by substitute Torres in the 84th minute and Juan Mata four minutes later.
Crises in telecom sector
The FDI implications •P. 17
THE BIG KEROSENE FRAUD:
Depot owners buy at N41, sell @ N125
BY CLARA NWACHUKWU
L
•How they shared subsidy money •Pg.52 •Nigerian masses groan under 300% price increase •Committee orders forensic audit of NNPC claims
A G O S — NIGERIANS have been forced to pay as much as N150/litre of kerosene instead of the government subsidised rate of N50 because the Nigerian National Petroleum Corporation, NNPC, chose to sell
Continues on Page 5
Mr & Mrs BREAKDOWN OF NNPC’S KEROSENE SALES TO BULK PURCHASERS BETWEEN 2009 AND 2011, IS SHOWN BELOW (IN LITRES): Year
NNPC RETAIL
%
MOMAN
%
IPMAN
%
DAPPMA
%
TOTAL
2009
80,612,700
4
263,157,631
13
257,939,989
13
1,407,176,031
70
2,008,886,351
2010
167,144,476
5
310,177,876
10
471,960,914
15
2,175,103,761
70
3,124,387,027
2011
162,107,320
6
365,676,473
13
562,087,407
20
1,722,365,963
61
2,812,237,163
Total
409,864,496
5
939,011,980
12
1,291,988,310 16
5,304,645,755
67
7,945,510,541
C M Y K