Nigeria Recovers Billions From Oil Fraudsters
Nigerian finance minister says the government has recovered N29 billion out of the N232 billion oil subsidy scam.
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Nigeria: Subsidy Scam - FG Recovers N29 Billion From Suspects
Vanguard, 4 December 2012
The Federal Government says it has recovered N29 billion out of the N232 billion oil subsidy scam. read more »
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Nigeria: Subsidy Claims - FG Recovers N29 Billion From Marketers
Daily Trust, 4 December 2012
Federal Government said yesterday that it is withholding N29 billion claims by some oil marketers as subsidy payment pending the outcome of the investigation by the economic and ... read more »
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Nigeria: EFCC Re-Arraigns Two Oil Marketers Over Subsidy Scam
This Day, 4 December 2012
The Economic and Financial Crimes Commission (EFCC) Monday re-arraigned two oil marketers, Oluwaseun Ogunbambo and Habila Theck, before an Ikeja High Court on an amended charge of ... read more »
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Nigeria: Wogu Clears Self of N2.7 Billion Subsidy Fraud
Vanguard, 4 December 2012
Minister of Labour and Productivity, Chief Emeka Wogu, yesterday, exonerated himself from allegations of culpability in the alleged N2.7 billion fraudulent subsidy claim by a ... read more »
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Nigeria: Subsidy Fraud - Wogu Denies Ownership of Pinnacle Contractors
This Day, 4 December 2012
The Minister of Labour and Productivity, Chief Emeka Wogu, has again denied having any link with Pinnacle Contractors Limited which was indicted in the illegal payment of N2.7 ... read more »
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Nigeria: Labour Cautions FG Against Fuel Subsidy Removal
This Day, 4 December 2012
Organised labour in the civil service sector has cautioned the Federal Government against plans to remove subsidy on petrol next year stating that labour will resist any attempt by ... read more »
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Nigeria: Jonathan Seeks N182 Billion More for Subsidy
Daily Trust, 4 December 2012
President Goodluck Jonathan has asked the National Assembly to approve virement of the sum of N182 billion to enable the Federal Government pay for imported fuel, Daily Trust heard ... read more »
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Nigeria: Oil Subsidy Fraud - Hope Democratic Party Accuses Jonathan of Diversion of Funds
Vanguard, 4 December 2012
HOPE Democratic Party, HDP, has dragged President Goodluck Jonathan before the Federal High Court,sitting in Abuja alleging that he used children of chieftains of the Peoples ... read more »
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Nigeria: Subsidy Payment - FG Recovers N29 Billion, Says Okonjo-Iweala
This Day, 3 December 2012
In its efforts to eradicate corruption in the oil and gas sector the federal government has recovered N29 billion out of the N232 billion from the oil subsidy scam, the Minister of ... read more »
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The title of this article is both misleading and deceptive. Witholding of payment pending an investigation to authenticate and legitimize a claim is not the same thing as recovering N29-Billion Naira owed the Federal coffers. What if, after the investigation it turns out that these fees are actually due the scam-ridden marketeers, or what if these marketeers agree to kicking back a portion thereof, to the people investigating them, since this is the unfortunate order of business in Nigeria; would the Finance Minister herself then conclude that these funds are still owed the Federal Government? You see, the degree of corruption in Nigeria is so deeply ingrained in our psyche that the scammers even know that they would not be prosecuted. These people can buy judges, the president, the Attorney-General of the nation, the Accountant-General of the nation, the Auditor-General of the nation, and any other person in authority that may have been compromised, or would render their judgement of the situation to the highest bidder. Nigeria is not the kind of environment where honesty and integrity means anything, nor are such qualities remotely contemplated by those in the public service........the president included. Now that the president has opted to chair the procurement board, could it be because he realises that this entity if the bedrock of corruption in terms of evaluating the qualities of those who happen to procure contracts for the re-building of our infrastructure? On one hand, this may be a good thing; but, on the other hand, is the president morally sound to withstand the temptations of "payola" from contractors whose main objective is to obtain the contract and end up doing nothing for those obligations which are necessary for up-grading our infrastructure? It's like Gen. Obasanjo as Nigeria's President, holding while in office the portfolio for the Petroleum Minister.........meaning that for every Crude Oil Contract, he had to be paid off, both up-front and in subsequent liftings of every barrel of crude oil from Nigeria. To the oil trader, it wouldn't matter to them at all because the cost of payola is eventually passed on to the Nigerian consumer when we order for finished products from petroleum overseas. Whereas these so-called leaders are unmindful of the serious implications surrounding their wanton greed, they fail to realise that at every corner they turn, Nigerians in general are bled to death because of their corrupt practices. Frankly, none of these blind leaders have the interest of Nigerians at heart, as long as they are prepared to stuff their foreign bank accounts with petro-dollars which could've been used to help the massive poor in Nigeria. Yet, these blind leaders ply our poorly maintained roads on a daily basis. When these fools visit Europe or America, they are amazed how well-maintained the infrastructure in these faraway places are, and are not ashamed to take credit that at some point when they ruled, they contributed to the calamities which the country faces today. For a country where even Civil Servants would demand a whopping $25,000.00 USD just to write a simple letter leading to the purchase of badly needed equipments by the government, it is no wonder that the only set of business characters who can opt to do business with Nigeria would be those who have no real interest in Nigeria's development, or even help her identify with the 21st Century's technological age. Greed is killing Nigeria. No other country in the world would allow worker's pension funds to be raided by civil service thieves in high places. Because the public knows that the government would do little to protect their pensions and may not look forward to retirements, the most they can do while in office is to engage in corrput practices in order to make room for a rainy day. That is why the demands for a $25,000.00 pay off, though may sound unreasonable in the eye of the West, but realistically, these people are merely seeking ways to stay afloat in retirement years. This has also accounted for why well positioned civil servants have difficulty retiring from the Civil Service, and that is why many young Nigerian youths with University education cannot find jobs, unless one has what we call "long legs" in the civil service.(For those who may wonder what this implies, it simply means a euphemism for nepotism, tribalism, cronyism, godfatherism and any other "ism" one may wish to add to the list). Nigeria is truly a place where mediocrity thrives, while meritocracy suffers.