OIL SUBSIDY: Banks disown N12.2bn claims by marketers

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...towards a better life for the people VOL. 25: NO. 61657

L-R: The Chief of Army Staff Lt.Gen Azubuike Ihejirika; Ag.Minister of Defence, Erelu Olusola Obada;President Goodluck Jonathan, Gov Patrick Yakowa of Kaduna State; Dickson Seriake of Beyesla and others during the Commissioning of the Infantry Auditorium at the Nigerian Army Day celebration in Jaji yesterday. Photo:Olu Ajayi.

ONLINE | www.vanguardngr.com

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N150

TUESDAY, JULY 3, 2012

Tompolo speaks:

We’ll break oil cabal •How I formed MEND; MEND is dead for now •Why JTF couldn’t arrest me

•Pgs.34 & 35

OIL SUBSIDY:

Banks disown N12.2bn claims by marketers •Marketers, importers scamper to gather proof

BY CLARA NWACHUKWU AND KUNLE KALEJAYE

L

TRANSACTIONS OF 8 OIL MARKETERS DISCLAIMED BY BANKS

•INSIDE

AGOS—THE fed eral Government committee on fuel subsidy verification has discovered that eight oil marketers in identified 13 transactions made total subsidy claims of N12.154 billion for which the banks denied financing. The transactions were declared by the verification committee to be false as they were disContinues on page 5

Mr & Mrs

Nine construction workers slaughtered in Borno •P.16 C M Y K

PINI JASON: Corruption and Nigerian hypocrisy •P.17


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