fuel subsidy

December 8, 2012

I will not quit SURE-P job, Christopher Kolade dares critics

Dr Christopher Kolade, the Chairman, Subsidy Re-investment and Empowerment Programme (SURE-P), has said that he will not quit the plum job, in spite of criticisms from some quarters. Kolade, who made the announcement on Friday in Lagos at a media luncheon, said that the committee was inaugurated to ensure better welfare for Nigerians. “I will continue... Read More

Christopher Kolade, fuel subsidy, Goodluck Jonathan, SURE-P

November 30, 2012

Opinion: What subsidy?

by Kanife, Ejike Alphonsus While buying the much I could, I joked some with the attendant concerning the prices of petroleum products and asked him if they have removed the subsidy from PMS too. His reply was apt and quite punchy: “Subsidy oshi ewo ni yen?” A litre of black market fuel in my area... Read More

Fuel attendant, fuel stations, fuel subsidy, Goodluck Jonathan, ngozi okonjo iweala, SURE-P

November 25, 2012

Report: N5 trillion stolen on President Goodluck Jonathan’s watch

by Akan Ido The Goodluck Jonathan administration assumed office in 2011, with a firm commitment to fight corruption and win the war, but almost two years down the line, the ‘fight’, according to analysts seems not to have left the runway for take-off. The current EFCC chairman, Ibrahim Lamorde, recently gave reasons why the commission... Read More

Aigboje Aig-Imoukhuede, Diezani Alison Madueke, Dora Akunyili, EFCC, farouk lawan, Femi Otedola, fuel subsidy, Goodluck Jonathan, ngozi okonjo iweala, nuhu ribadu, Olusegun Aganga

November 23, 2012

Opinion: Nigerian gays: Victims of ‘scapegoatism’

by Joseph Sewedo Akoro Nigerian oil is a curse in disguise for promoter of LGBT rights. I say this because countries like the U.S. and France will not sacrifice the Nigerian oil for homosexual issues. Nigeria homosexuals are unfortunately victims of ‘scapegoatism’ in their own country. The legislators who have suffered lot of bashing on... Read More

America, corruption, domestic terrorism, France, fuel subsidy, Gay bill, human rights, Legislators, LGBT, nigeria, senate

November 22, 2012

Star Wars in Aso Rock: Diezani Alison-Madueke meets President Jonathan over Okonjo-Iweala

by Akan Ido The Nigerian National Petroleum Corporation (NNPC) has officially notified President Goodluck Jonathan, of the country the country faces in terms of acute fuel shortage if the Federal Government fails to pay the N1.13 trillion subsidy funds owed the corporation. The NNPC, supported by the petroleum minister, Diezani Alison-Madueke, reportedly brought this grim... Read More

Diezani Alison Madueke, Fidel Pepple, finance ministry, fuel subsidy, JEPTFON, ngozi okonjo iweala, nnpc, Paul Nwabuikwu

November 18, 2012

Fuel shortage imminent as Capital Oil shuts down operations

by Isi Esene Nigeria’s fuel supply problem is set to worsen with the management of Capital Oil and Gas taking heed to a court order directing it to shut down its operations. In a press statement released by the company, it warned that the development could further cripple the supply of petrol in the country.... Read More

Access Bank, Aigboje Aig-Imokhuede, Capital Oil and Gas, Cosmas Maduka, fuel subsidy, Ifeanyi Ubah

November 13, 2012

WATCH: “I am like a diesel engine… and I have started” – Ifeanyi Ubah lets loose

by Isi Esene “You can’t ask me to tell you how Jesus Christ was born?” – Hold your sides, with comments such as this, the next few minutes will leave you dumb-founded. The managing director of Capital Oil and gas, Ifeanyi Ubah on Monday denied claims by the chief executive officer of Cosharis group, Cosmos... Read More

Access Bank, Aig-Imoukhuede, Capital Oil and Gas, Cosmas Maduka, fuel subsidy, Ifeanyi Ubah, Ministry of Finance

November 9, 2012

Defamation: Femi Otedola sues Farouk Lawan, and Speaker Tambuwal for N250bn in damages

by Isi Esene Femi Otedola, the chairman of Zenon Oil and Gas has dragged the speaker of the House of Assembly, Aminu Tambuwal, and former chairman of the ad-hoc Committee on the Oil Subsidy Probe, Farouk Lawan, before an Abuja High Court for defamation of character. He is asking the court to order both parties... Read More

Aminu Tambuwal, Babajide Koku, farouk lawan, Femi Otedola, fuel subsidy

November 8, 2012

“You will name our sponsors in court” – Dino Melaye threatens to sue Okonjo-Iweala

by Isi Esene Dino Melaye is not taking things lightly with the co-ordinating minister of the economy and minister of finance, Ngozi Okonjo-Iweala, as he is threatening to sue the Harvard-trained economist for libel. The former House of Representatives member earlier today reacted on Twitter over allegations of corruption leveled against him by the minister.... Read More

dino melaye, Finance Minister, fuel subsidy, libel, ngozi okonjo iweala

October 31, 2012

GEJ 2.0: I will go after corrupt governors, he says

by Isi Esene President Goodluck Jonathan yesterday said the government is determined to go after corrupt public officials. He said no corrupt governor or fuel subsidy thief will be spared in the onslaught against corruption assuring that those found wanting will be prosecuted. Jonathan said this in Abuja yesterday at the launch of a book... Read More

corruption, Emeka Anyaoku, fuel subsidy, Goodluck Jonathan, London, Namadi Sambo, ngozi okonjo iweala, Oxford University, Paul Collier

October 30, 2012

I survived #OccupyNigeria because my mandate is popular – GEJ

by Hauwa Gambo President Goodluck Jonathan yesterday declared that he survived January’s fuel subsidy removal protests because his mandate from the Nigerian people is popular. The President was speaking in Freetown, Sierra Leone at a meeting with the chairman of the country’s National Electoral Commission (NEC), Christina Thorpe, as well as politicians and candidates for... Read More

freetown, fuel subsidy, mandate, President Jonathan, Protests, regime change, sierra leone

October 20, 2012

Capital Oil boss, Ifeanyi Uba released from bailed from police custody

by Isi Esene Reports say the managing director and chief executive officer of Capital Oil and Gas, Ifeanyi Uba has been released from the custody of the Special Fraud Unit after spending more than a week in confinement. Uba was accused of engaging in fraudulent activities with regards to the management of fuel subsidy funds... Read More

Aigboju Aig-Imoukhuede, fuel subsidy, Ifeanyi Uba, Oil and Gas

October 9, 2012

What will President Jonathan talk about this morning? We have 7 guesses

by Stanley Azuakola So the president says he’s going to address us in the morning at 7am, and we can’t sleep. Our hearts are racing. What’s he going to say? For those waiting with bated breaths, here are seven things we think he might say, come the morning. Share your thoughts! 1. Bakassi: This has... Read More

address, Bakassi, boko haram, cabinet reshuffle, fuel subsidy, President Jonathan

September 19, 2012

“The January subsidy protests were sponsored and stage-managed” – President Jonathan

by Isi Esene President Goodluck Jonathan yesterday said that the January fuel subsidy protests were not carried out by ordinary Nigerians who wanted to express their opposition to a government policy saying the protests were stage-managed by a class of Nigerians who wanted to maintain a status quo of corruption in the petroleum sector. Jonathan... Read More

2015, boko haram, brazil, election, fuel subsidy, Goodluck Jonathan, Independence anniversary, January, lagos, Media, nigeria, protest, stage-managed, summit, terrorism

September 11, 2012

Too little, too late: Capital Oil faults presidential committee report, describes it as ‘indefensible’

by Akan Ido Capital Oil and Gas, one of the companies indicted by the Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments headed by Aigboje Aig-Imoukhuede, has described the reports of the committee as “very shoddy”. The management of the company in a statement released to newsmen yesterday expressed surprise that the committee... Read More

Access Bank, Aigboje Aig-Imoukhuede, Capital Oil, Fraud, Fuel, fuel subsidy, Ifeanyi Ubah, import, Oil and Gas, presidential committee

September 8, 2012

Fuel Subsidy Fraud: Olabisi, Jeldi, Nworgu declared wanted by the EFCC

by Isi Esene The Economic & Financial Crimes Commission (EFCC) yesterday declared three oil marketers wanted. The oil marketers were accused of obtaining billions of naira of the fuel subsidy funds from the federal government under false pretence. The marketers are Abdul Afeez Olarenwaju Olabisi, Fago Petroleum and Gas Ltd.; Abubakar Ali Jeldi, Managing Director... Read More

Abdul Afeez Olarenwaju Olabisi, Abubakar Ali Jeldi, Economic & Financial Crimes Commission, EFCC, fuel subsidy, Ibrahim Lamorde, Ikechukwu Onuabuchi Nworgu, Wilson Uwujaren

September 4, 2012

From the Magazine: 10 Questions with Pat Utomi

Director, Centre for Applied Economics, Lagos Business School WHY DID you decide to contest in the presidential elections? All of my life, I have struggled to walk my talk. I have tried very hard to do what I preach. In Nigeria, it is too easy for people to complain and hope that other people solve... Read More

10 questions, acn, fuel subsidy, government, Lekki toll, pat utomi, President Goodluck Jonathan, presidential elections, social media

August 27, 2012

Long queues disappear from Abuja fuel stations

by Akan Ido Normalcy have returned to the Federal Capital Territory (FCT), Abuja, with the suspension of the National Union of Petroleum and Natural Gas Workers (NUPENG) strike on August 23. NUPENG had earlier threatened to commence a nationwide strike action on Friday in protest against the challenges faced by oil marketers as it relates... Read More

Abuja, FCT, federal capital territory, fuel subsidy, Goodluck Jonathan, NUPENG, Stike action

August 18, 2012

Major oil marketers accused of being behind planned fuel strike

by Akan Ido The Federal Government has revealed that the fuel scarcity currently being experienced by residents of Abuja, is caused by several companies found to have been involved in the fuel subsidy saga. According to the minister of Finance, Mrs. Ngozi Okonjo-Iweala, Conoil, which is owned by Mr. Mike Adenuga, and other companies such... Read More

Aigboje Aig-Imoukhuede, Bamanga Tukur, Conoil, fuel subsidy, Marketers, mike adenuga, minister of finance, ngozi okonjo iweala, strike

August 13, 2012

We’ll try Farouk Lawan with or without the $620,000 – Prosecutors

by Isi Esene The marked $620,000 which Hon. Farouk Lawan allegedly received as bribe from billionaire businessman, Femi Otedola, seem to have grown wings. The police investigating the bribe scandal say they are unable to find the money. The money was allegedly offered to Farouk to remove Otedola’s company from the list of companies named... Read More

620000, AGF, Boniface Emenalo, bribe, farouk lawan, Femi Otedola, fuel subsidy, House of Representatives, IGP, Lesser Hajj, saudi arabia

Don’t move: SSS stops Farouk Lawan from travelling for lesser Hajj

by Isi Esene The State Security Service (SSS) yesterday denied Mr. Farouk Lawan from leaving the country through the Murtala Mohammed International Airport in Lagos. Lawan, who is currently embroiled in a bribery scandal involving the chairman of Zenon Oil, Mr. Femi Otedola, was billed to fly out for the lesser Hajj in Saudi Arabia... Read More

farouk lawan, Femi Otedola, fuel subsidy, lagos, Lesser Hajj, MMIA, Murtala Mohammed International Airport, saudi arabia, Zenon Oil

EFCC withdraws suit against alleged oil thieves, says the charges were “filed by mistake”

by Isi Esene In a curious twist to the fuel subsidy saga, the EFCC yesterday dropped the suit filed against four of the fuel subsidy suspects saying the charges against them at the Lagos State High Court, Igbosere were “misconstrued and filed by mistake”. The suspects who were let off the hook are Peter Mba,... Read More

Attorney General, Bello Adoke, court, Durosola Omogbenigun, EFCC, fuel subsidy, Integrated Resources, Peter Mba, Pinnacle Oil and Gas, Rotimi Oyedepo

My son is on his own – Alao-Arisekola

by Isi Esene Just like the Peoples Democratic Party chairman, Alhaji Bamanga Tukur before him, businessman, Azeez Alao-Arisekola has disassociated himself from allegations surrounding his son’s alleged subsidy funds misappropriation. Alao-Arisekola told reporters that his son is an adult who is capable of answering to his actions and the case should be treated as such.... Read More

Abdullahi Alao-Arisekola, Ahmadu Ali, Azeez Alao-Arisekola, Bamanga Tukur, EFCC, farouk lawan, Femi Otedola, fuel subsidy, high court, Mahmud Tukur, Mamman Ali, PDP, Protests

Fuel subsidy trial again stalled

by Isi Esene The trial of 20 individuals and companies who are suspected to have fraudulently received fuel subsidy funds amounting to about $6.8bn has again stalled today due to the absence of the Welter Waggabatsoma of Ontario Oil. Ontario Oil is the first defendant in the suit filed by the Economic and Financial Crimes... Read More

Economic and Financial Crimes Commission, EFCC, fuel subsidy, Ontario Oil, postponed, trial

Japheth Omojuwa: The essence of oil and the return of Occupy Nigeria (YNaija Frontpage)

It is not rocket science to increase fuel prices if everything that has to be done before then are done, until those are done, each fuel price increase will come at a cost. Occupy Nigeria could be back as early as next month! Plans are underway to jack up the price of petrol to January... Read More

fuel subsidy, japheth omojuwa, nigeria, occupy nigeria

Oil on water: EFCC names suspects for trial over fuel subsidy fraud

by Isi Esene Seven companies and twelve individuals have been lined up for prosecution by the Economic and Financial Crimes Commission (EFCC) over matters relating to their alleged involvement in the mismanagement of the fuel subsidy regime of 2011. The seven companies are Nasaman Oil Services; Eternal Oil and Gas Plc; Ontario Oil & Gas... Read More

EFCC, farouk lawan, fuel subsidy, Ibrahim Lamorde, PMS

Opinion: Subsidy probe – Now that the bubble has burst

by Ayodeji Seriki Since last month when the ‘secret deal’ between billionaire businessman, Femi Otedola and members of the House of Representatives ad hoc committee on oil subsidy management, especially its Chairman, Farouk Lawan, became public, my mind has not been at rest. I’m particularly touched because the scandal or allegation, in a way, had... Read More

ayodele seriki, farouk, fuel subsidy, nigeria, otedola

Opinion: 2012 subsidy wars: So far, how far?

by IK Muo The year 2012 started for Nigerians on the wrong footing as President Jonathan gave us a poisoned chalice as New Year gift. The shock and angst across the land was palpable as budgets were thrown into disarray and people were stranded. A mother of all protests followed and lasted longer than our... Read More

fuel subsidy, Goodluck Jonathan, ik muo, nigeria

#InCaseYouMissedIit: I have more Lawan bribe videos – Otedola

by Isi Esene At the risk of sounding like a broken record, Zenon Oil boss, Femi Otedola, who has been embroiled in a bribery scandal also involving a House of Representative member and erstwhile chairman of the now defunct fuel subsidy probe panel, Farouk Lawan, has insisted that he is in custody of audio and... Read More

Audio, bribe, farouk lawan, Femi Otedola, fuel subsidy, PROBE, Video, zenon

I warned Nigerians about Farouk Lawan – Dino Melaye

by Isi Esene Dino Melaye, the former House of Representatives member and principal actor in the faction which fought tooth and nail for former Speaker, Patricia Etteh, to retain her seat during the Etteh-gate saga is still talking. In his latest salvo, he insists that the Integrity Group was an amorphous group hurriedly formed during... Read More

dino melaye, fuel subsidy, integrity, jonathan, lawan, otedola

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