The Socio-Economic Rights and Accountability Project has filed a lawsuit against the 35 state governors and the Minister of the Federal Capital Territory, Nyesom Wike, over their alleged failure to account for the spending of about N14 trillion realised as fuel subsidy savings. Other respondent includes the office of the Accountant-General of the Federation. SERAP…
Enugu State Governor, Peter Mbah, has revealed that his decision to join the All Progressives Congress (APC) was inspired by President Bola Tinubu’s economic reforms, particularly the removal of fuel subsidy and the unification of the foreign exchange market. Speaking during a media chat on Tuesday, shortly after officially announcing his defection to the ruling…
Nigeria’s foremost entrepreneur, Femi Otedola, has appealed to President Bola Tinubu to release the full report by the Aigboje Aig-Imoukhuede panel carried out under the Goodluck Jonathan administration on the controversial fuel subsidy regime. In a statement yesterday, Otedola insisted that Nigerians deserve to know the truth about those who looted public funds under the…
Billionaire businessman, Mr Femi Otedola, yesterday said that up to N2 trillion was siphoned in questionable fuel subsidy claims under the Goodluck Jonathan administration, narrating how he warned the ex-President about fraudulent oil marketers at the time. In a statement on recent issues in the oil and gas sector, especially in the downstream, Otedola also…
Muhammad Sanusi II, Emir of Kano and former governor of the Central Bank of Nigeria (CBN), says the removal of the petrol subsidy prevented Nigeria from sliding into bankruptcy. Sanusi made the remarks on Saturday at the second edition of the Kano International Poetry Festival (KAPFEST), organised by the Poetic Wednesdays Initiative. The monarch described…
President Bola Ahmed Tinubu said on Monday that the government was channelling funds saved from the removal of fuel subsidy into the provision of critical infrastructure across the country. He said this at the opening of a National Conference on Public Accounts and Fiscal Governance, organised by the Public Accounts Committees (PACS) of the Senate…
Fresh details have emerged on how Oluwaseun Ogunbambo, a Nigerian businessman and managing director of Fargo Petroleum and Gas Ltd, forged several documents to claim N3.7 billion in a petrol subsidy fraud. In his new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’, Abdulrasheed Bawa, the former chairman of the…
Aisha Yesufu, a human rights activist and supporter of former Labour Party presidential candidate, Peter Obi, has criticised him for condemning the protests against Goodluck Jonathan during his time as President.Travel guides Aisha Yesufu reacted to Peter Obi’s comment regarding the Occupy Nigeria protest of 2012. It would be recalled that Peter Obi criticised the…
Lawmaker representing Kano South Senatorial District, Kawu Sumaila, has sparked controversy by stating that it was former President Muhammadu Buhari, not President Bola Tinubu, who removed the fuel subsidy. He made the assertion on Channels TV’s Politics Today. He explained that the provision for fuel subsidy typically covered only the first half of the year….
The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned Mamman Nasir Ali, son of former Chairman of Peoples Democratic Party (PDP), Ahmadu Ali, over an alleged N2.2 billion oil subsidy fraud. Ali alongside Christian Taylor and their oil company, Nasaman Oil Services Limited were brought before before Justice Mojisola Dada of a Lagos Special Offences…
