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Nigerian Senate Summons Companies for Subsidy Fraud

The Senate panel investigating the fuel subsidy regime yesterday summoned KPMG, threatening to employ sterner measures should they refuse to appear before them.

Nigeria: Fuel Subsidy Probe - Senate Subpoenas KPNG

Vanguard, 31 May 2012

FOR its refusal to appear before the Joint Committee on Petroleum Resources, Downstream, Appropriations and Finance, the Senate, yesterday, issued a subpoena to the Managing… Read more »

http://www.vanguardngr.com

President Goodluck Jonathan has announced his readiness to offer explanations to Nigerians on the resolve of his government to remove the oil subsidy.

Nigeria: Subsidy Probe - Senate Summons KPMG

Leadership, 31 May 2012

The Senate panel investigating the fuel subsidy regime yesterday summoned KPMG, threatening to employ sterner measures should they refuse to appear before them today. Read more »
Nigeria: Subsidy - NNPC Insists On Full Deregulation

This Day, 31 May 2012

The Nigeria National Petrol-eum Corporation (NNPC) Wednesday expressed frustration at the challenges of monitoring the subsidy on petroleum products and insisted that the best way… Read more »
Nigeria: Subsidy Protest - Court Dismisses SNG's Suit

Vanguard, 31 May 2012

A Federal High Court sitting in Ikeja, Lagos, yesterday, dismissed a N100 million suit by the Save Nigeria Group, against the Federal Government over alleged violation of its… Read more »
Nigeria: Oil Subsidy Probe - NNPC Boss Urges Full Deregulation

Daily Trust, 31 May 2012

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Austin Oniwon, has called for a full deregulation of the petroleum sector. Read more »
Nigeria: Govt Pays Out Fuel Subsidy Claims

This Day, 30 May 2012

A potential fuel shortage in the country following the suspension of subsidy payments to importers of petroleum products has been averted as the payment of verified claims to the… Read more »

Alec Johnson/allAfrica.com

Nigeria: FG Pays U.S.$1.1 Billion to Dan Etete's Company - Report

Daily Trust, 23 May 2012

The Federal Government has paid $1.1billion to an oil company reportedly belonging to former Minister of Petroleum, Chief Dan Etete last April, a Financial Times report said. Read more »
Nigeria: Fuel Subsidy Arrears Cost FG N451 Billion

Leadership, 30 May 2012

A total of N451 billion of the N888 billion subsidy budget for 2012 has already been spent on arrears for 2011, the Federal Ministry of Finance has revealed. Read more »
Nigeria: FG Suspends Payment of Fuel Subsidy to Marketers

This Day, 28 May 2012

To avoid further crisis with the National Assembly over another "extra-budgetary expenditure", the Federal Government has suspended payment of arrears of fuel subsidy for 2011,… Read more »

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Nigerian Senate Summons Companies for Subsidy Fraud

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Nigerian Senate Summons Companies for Subsidy Fraud

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