Two civil society organisations, Citizens Club and the Initiative for Diaspora Knowledge Transfer (IDKT) have advocated the need for the federal government to suspend the current fuel subsidy saying maintaining subsidy was detrimental to the economy and growth of the nation. Addressing a joint news conference in Abuja, the National President of Citizens Club and former governorship aspirant in Anambra state ...

The House of Representatives has explained that the removal of Mr. Farouk Lawan as the chairman of the House committee on education was not to confirm his alleged involvement in a bribery scam but to allow the committee operate optimally while the case is being handled in the court. Briefing correspondents, spokesman of the House, Mr. Zakari Mohammed, however, raised concerns that out of the two parties all ...

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mister Ibrahim Lamorde said the Commission had secured a restraining order on the United Kingdom accounts of some fuel subsidy fraudsters. Speaking when the British High Commissioner to Nigeria, Doctor Andrew Pocock paid him a courtesy visit, Mister Lamorde explained that the EFCC was formalising ways of getting the funds forfeited and rep ...

A Lagos High Court sitting in Ikeja has dismissed an application by two oil marketers seeking to quash the Economic and Financial Crimes Commission's (EFCC) oil subsidy fraud charges against them. The EFCC accused Aro Bamidele and Abiodun Bankole, and their firm, A.B.S Investment Company Limited, of fraudulently obtaining N1.5 billion from the Federal Government under the subsidy scheme. The presiding judge ...

The trial of Mamman Ali, son of the former Chairman of the Peoples’ Democratic Party (PDP), who is standing trial for allegedly fraudulently claiming subsidy fund continued on Wednesday at the Lagos High Court sitting in Ikeja. Mr Ali is standing trial alongside Christian Taylor, Seun Ogunbambo, and Nasaman Oil Services over a 13-count of fuel subsidy fraud amounting to about N4.46 billion. At the resumed t ...

A lawyer and public affairs analyst, Chima Nnaji on Tuesday described the Subsidy Reinvestment and Empowerment Programme (SURE-P) document as an ordinary essay that cannot impact the socioeconomic welfare of Nigerians. Speaking as a guest on Channels Television’s breakfast programme, Sunrise Daily, Mr Nnaji said though the programme was intended to use the fund saved from the partial removal of fuel subsidy ...

After over five months of delay, the federal government has finally agreed to begin the trial of the House of Representatives member, Mr. Farouk Lawan for allegedly demanding and receiving $620,000 dollar bribe. As the Chairman of the House of Representatives Ad-hoc Committee on Fuel Subsidy Probe, Mr Lawal is alleged to have negotiated the sum of $3million as bribe and collected $650,000 from the Chairman ...

Two officials of the Petroleum Product Pricing and Regulatory Agency (PPPRA) took the witness stand on Wednesday at the Lagos High Court, Ikeja to testify as prosecution witnesses in one of the ongoing fuel subsidy trials. In the fuel subsidy case, two accused persons, Rowaye Jubril and his company, Brila Energy, are facing 13 counts of fraudulent collection of about N967 million for the purported supply of ...

The Coordinating Minister for the economy and Minister of Finance, Ngozi Okonjo-Iweala on Tuesday refuted media reports which allege that her ministry is blocking subsidy payments to verified marketers. Addressing a news conference in Abuja, Mrs Okonjo-Iweala said that the ministry of finance made the N161.6 billion supplementary budget for subsidy payments which had been approved by the National Assembly a ...

A Lawyer, Mr Chima Nnaji said Nigeria can be peaceful and better this new year if 'doers' in the governance of the country are shown the way out, to give 'strategic thinkers' the chance to drive government's agenda . He said he believes there will be some measure of peace in 2013 within the context of the civil population if the President  keeps to his words of not increasing the price of fuel. Making refer ...