I Am Not Surprised At Alison-Madueke’s Travails – Oshiomhole

Oshiomhole Not Surprised At Alison-Madueke's TravailsEdo State Governor, Adams Oshiomhole, on Wednesday said he is not surprised at what is happening to former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, with the Metro Police in the United Kingdom (UK).

Governor Oshiomhole made this known in a session with State House correspondents in Abuja, Nigeria’s capital after a meeting with President Muhammadu Buhari.

He said despite the media hype by the administration of former President Goodluck Jonathan that it re-based the economy, he did not see anybody that said average Nigerians did better under the Jonathan administration.

The immediate past Minister of Petroleum Resources was arrested along with four other persons in relation to corruption allegations being investigated by the UK National Crime Agency.

Under her watch the then Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, alleged missing funds in the Nigerian National Petroleum Commission (NNPC), amounting to 20 billion dollars.

It was alleged earlier in the year that the former Petroleum Minister, who was one of the closest to the administration of former President Jonathan, would flee the country, to avoid being prosecuted over allegations of fraud, especially in the NNPC.

Mrs Alison-Madueke, at the time, denied seeking asylum in any part of the world, stating that the Jonathan administration had done a lot in the Oil and Gas industry that cannot be rubbished by malicious claims.

Petroleum Minister Approves Release Of 2015 Q1 Fuel Allocation To Marketers

PowerThe Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has approved the release of  2015 Q1 allocation to marketers for the importation of petroleum products.

A statement issued by the Petroleum Products Pricing Regulatory Agency (PPPRA), said the early release is in furtherance of the Minister’s resolve at ensuring continuous and robust products supply in the system.

According to the statement, the Executive Secretary of the PPPRA, Mr. Farouk Ahmed, while calling on motorists not to engage in panic buying, assured that, “there is ample supply of petroleum products in the country”, adding that “discharges and truck-out had continued in spite of the holidays and the festive periods”.

The PPPRA further explained that apart from facilitating an improved national Premium Motor Spirit (PMS) supply and stock build-up, the effort is also to enable marketers make adequate preparations towards products sourcing and importation early in the New Year.

“The Petroleum Minister had commenced a regime of early release of quarterly PMS allocations in addition to supplementary allocations to complement the national demand”, the statement added.

According to the PPPRA, the early approvals, “apart from providing additional imports to supplement the prevailing stock level in the system, is now responsible for the sustained availability of petroleum products across the country at regulated prices”.


Absence Of Minister, NNPC Officials Stall Kerosine Subsidy Probe

A public hearing into the supply, distribution and subsidy payments of kerosine from 2010 to 2013 by the House of Representatives has been postponed due to the absence of the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and officials of the Nigeria National Petroleum Corporation (NNPC) and the Pipelines and Products Marketing Company (PPMC).

The Chairman of the House Committee on Petroleum Resources (Down Stream), Dakuku Peterside said the exercise could not go on because, the ministry and NNPC were central to the kerosine subsidy regime and their absence made it difficult to continue the investigation.

The government agencies had written to the committee asking for more time to gather the data.

Expressing the displeasure of the committee, the chairman said the lawmakers are determined not to fail Nigerians as they work to uncover the secrecy surrounding the kerosine subsidy.

The announcement by the Chairman of the committee, Rep. Dakuku Peterside, for the postponement came after a long wait by stakeholders who were seated before 10 a.m.

Peterside said that the committee was compelled to postpone the hearing due to the absence of officials of the three agencies which were critical stakeholders in the investigation.

“It is not in the character of the seventh National Assembly to waste people’s time.

“On behalf of the committee, I want to apologise to you, we are going to be compelled by circumstances to put off this hearing to Feb. 18.

“We owe you a duty to carry out the investigation, we will not let you down, we want to apologise once more, we will move on with the hearing on Feb. 18.

He explained that several invitation letters were written to the agencies and ministry about the hearing, but they did not respond till the day of the hearing.

The letters partly reads: “I wish to inform you that the Honourable Minister together with the top management of the ministry and its agencies will be participating in the International Summit on Power Financing starting today, 10th February, 2014.

“As a result, we regret to inform you of our inability to honour your invitation. We are also currently engaged with the Senate Committee on Finance and it is not clear when their hearing will end.’’

NNPC in a letter signed by its General Manager, National Assembly Liaison, Mr M.B Bamanga, and dated Feb. 7 gave the same excuse.

“I am further directed to appeal to the Chairman to allow NNPC and its subsidiary sufficient time to collate the required documents and reschedule an alternate date for the appearance of our organisation at the hearing, please,’’ the letter reads.



$25 Billion Of Unremitted $49.8 Billion Accounted For

The Nigerian Minister of Finance, Dr. Ngozi Okonjo-Iweala, says $25 billion of the alleged unremitted $49.8 billion by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account have been accounted for.

The Governor of the Central Bank of Nigeria, Mr Sanusi Lamido Sanusi, in a letter to the Nigerian President, Dr. Goodluck Jonathan, alleged that $49.8 billion have not been remitted to the Federation Account by the NNPC. Sanusi said that the sum accrued over a period of 18 months – January 2012 to July 2013.

At a meeting with the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke and Mr Sanusi, in Abuja on Thursday, Dr Okonjo-Iweala, described the controversy as a misconception.

She however admitted to a shortfall in remittances to the federation account but assured Nigerians that it was a normal incident that requires reconciliation.

“Reconciliation is still on-going between the parties involved,” she said.

Mrs Alison-Madueke said there were efforts to double production and reduce the consistent cases of oil theft which might be responsible for some shortfalls.

The NNPC had denied Sanusi’s claims, insisting that the apex bank boss lacked the knowledge of how monies are remitted to the Federation Account by the corporation.

The Minister of Finance’s confirmation that $25 billion has been accounted for will cushion the effect the alleged missing funds was having on the polity, our correspondent, Gloria Ume-Ezeoke, said.

“This meeting opened up in detail where the nation’s missing $49.8 billion dollar oil revenue has been. It has been established that a large chunk of the money is still missing in spite of the on-going reconciliatory of accounts, but what is unclear is the where about of the balance of the missing fund,” Ume-Ezeoke said.

Petroleum Minister Absent At Ministerial Platform

The Minister of Petroleum, Mrs. Diezani Alison-Madueke, on Tuesday, failed to show up for her session at the ministerial platform where other ministers have been delivering their score cards for over a week.

Giving reasons for the Minister’s absence, the Minister of Information, Mr Labaran Maku, explained that the Petroleum Minister would prefer to make an appearance with the Minister of Power, Professor Chinedu Nebo, who was also absent.

Mr Maku said both ministers whose sectors are inter-linked will address Nigerians after the conclusion of some activities such as the power sector road shows billed for the UK and US this month.