Nigeria: Subsidy Probe - 17 Indicted Firms May Sue Reps for N100 Billion

23 April 2012

Controversy is still trailing the Hon. Farouk Lawan-chaired House of Representatives Ad-Hoc Committee Report on fuel subsidy, as no fewer than 17 oil companies have faulted their indictment by the report.

The oil firms have also threatened to file N100billion suit against the committee. According to the lead lawyer to the firms, Chief Mike Ozekhome (SAN), who spoke with newsmen on the phone yester night, the firms will "sue and claim over N100billion damages. Most of these oil firms were never invited by the House Ad Hoc Committee but they were indicted. I will lead the team, the oil firms have reached out to me. In as much as I am against corruption and that those who mismanaged the oil sector should be dealt with, I also believe there must be fairness and justice.

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