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Browse: Home / fuel subsidy
  • 25th May, 2013 17:51Jang Convenes Maiden Meeting As Governors’ Forum Chairman!
  • 24th May, 2013 20:54Akpabio Clears Air On Amaechi’s Purported Re-Election, Says “Jang Is Our Chairman”
  • 24th May, 2013 19:51Amaechi Floors Jang To Retain NGF Chairmanship!
  • 24th May, 2013 15:52FG Declares May 29 Public Holiday
  • 23rd May, 2013 15:37“Violent And Extreme Sickening Acts Of Terror Cannot Divide Us”, British PM Says
ICPC/NUC Crackdown On Illegal Universities!
ICPC/NUC Crackdown On Illegal Universities!
ICPC/NUC Crackdown On Illegal Universities!
Posted 10 hours ago

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Universities Commission (NUC), in a collaborative effort, last week, closed down and physically sealed up the premises…

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Nigeria Vows To Join British Govt In War Against Terrorism
Nigeria Vows To Join British Govt In War Against Terrorism
Nigeria Vows To Join British Govt In War Against Terrorism
Posted 12 hours ago

A large turnout of members of Nigerian community living in London, comprising of mostly youths in the south-east of London on Saturday paid tribute to Drummer Lee Rigby, the victim…

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Jang Convenes Maiden Meeting As Governors’ Forum Chairman!
Jang Convenes Maiden Meeting As Governors’ Fo…
Jang Convenes Maiden Meeting As Governors’ Fo…
Posted 15 hours ago

The Plateau state Governor, Jonah Jang on Saturday convened his inaugural meeting as the Chairman of the Nigerian Governors’ Forum with 18 Governors in attendance.

Governor Jang presided over the Forum’s…

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Jang Convenes Maiden Meeting As Governors’ Fo…
Akpabio Clears Air On NGF Elections, Says
Akpabio Clears Air On Amaechi’s Purported Re-…
Akpabio Clears Air On Amaechi’s Purported Re-…
Posted 1 day ago

The Chairman of the PDP Governors' Forum, Chief Godswill Akpabio on Friday cleared the air on the purported re-election of the Nigerian Governors' Forum as he stated that the Plateau…

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Akpabio Clears Air On Amaechi’s Purported Re-…
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  • May 25ICPC/NUC Crackdown On Illegal Universities!
  • May 25Nigeria Vows To Join British Govt In War Agains…
  • May 25Jang Convenes Maiden Meeting As Governors’…
  • May 24Akpabio Clears Air On NGF Elections, Says

fuel subsidy

$ 620,000 Bribe: Court Throws Out Farouk Lawan’s Application!

$ 620,000 Bribe: Court Throws Out Farouk Lawan’s Application!

By NewsAdmin on May 10, 2013

Justice Mudashiru Oniyangi of an Abuja High Court on Friday threw out the application filed by Hon Farouk Lawan and Boniface Emenalo to dismiss the bribery allegations against them. Lawan and Emenalo are facing charges of soliciting for and accepting bribe from businessman Femi Otedola to have his company delisted from those

Posted in Crime | Tagged fuel subsidy | Leave a response

Shocker: Christopher Kolade, SURE-P Chairman, Resigns!

Shocker: Christopher Kolade, SURE-P Chairman, Resigns!

By NewsAdmin on April 9, 2013

Street Journal’s findings have revealed that Dr. Christopher Kolade, the Chairman of the Subsidy Reinvestment and Empowerment  Programme (SURE-P) has resigned his appointment as the Chairman of the body.

Posted in blog, Business | Tagged fuel subsidy | Leave a response

“We Verified Arisekola Son’s Documents For Subsidy Payment”, PPRA Officials Tell Court!

“We Verified Arisekola Son’s Documents For Subsidy Payment”, PPRA Officials Tell Court!

By NewsAdmin on March 21, 2013

Indications have emerged that the documents used by Abdullahi Alao, son of Ibadan billionaire businessman, Aare Arisekola Alao to obtain subsidy payments from the Federal Government were verified by the Petroleum Products Pricing Regulatory Agency (PPRA). Abdullahi Alao, Olanrewaju Olalusi

Posted in Recent News | Tagged fuel subsidy | Leave a response

Corruption War: Farouk Lawan In  Secret Meeting With Dino Melaye!

Corruption War: Farouk Lawan In Secret Meeting With Dino Melaye!

By NewsAdmin on January 26, 2013

One of the dramatis personae in the $ 620,000 fuel subsidy bribery scandal, Hon Farouk Lawan was spotted a few days ago meeting with self professed anti-corruption crusader, Hon Dino Melaye. Street Journal’s findings have revealed that the renewed alliance between the duo may not be unconnected with renewed calls for the prosecution of both [...]

Posted in blog | Tagged fuel subsidy | Leave a response

A Year After: The Gains, Pains & Lessons Of “Occupy Nigeria”!

A Year After: The Gains, Pains & Lessons Of “Occupy Nigeria”!

By NewsAdmin on January 8, 2013

The increase in the pump price of petrol, caused by the sudden removal of fuel subsidy in January 2012 generated lots of reactions across the country. While the Labour unions called for strike actions, the average Nigerians trooped out in protest and in no time the country was grounded to a halt. It became the [...]

Posted in Recent News | Tagged fuel subsidy | Leave a response

Fuel Subsidy Scam: One More Suspect Arraigned

Fuel Subsidy Scam: One More Suspect Arraigned

By NewsAdmin on November 13, 2012

The Economic and Financial Crimes Commission, EFCC, on Tuesday, arraigned yet another suspect in the fuel subsidy scam. Adejugbe Anthony and his company, Tonique Oil Services Limited were brought before Justice Lateefat Okunnu of the Lagos High Court, Ikeja, on a two count charge bordering on stealing and fraud

Posted in Crime | Tagged EFCC, fuel subsidy | Leave a response

Fuel Subsidy Fraud: EFCC Declares 3 Marketers Wanted!

Fuel Subsidy Fraud: EFCC Declares 3 Marketers Wanted!

By NewsAdmin on September 7, 2012

The Economic and Financial Crimes Commission (EFCC) has again moved against perpetrators of the fuel subsidy scam that rocked Nigeria’s petroleum sector recently. The anti-graft commission has declared three oil marketers indicted in the subsidy scam wanted. The decision of the EFCC to declare the marketers wanted was contained in a statement from the acting [...]

Posted in Crime | Tagged EFCC, fuel subsidy | 1 Response

EFCC Changes Gear, Withdraws Case Against Fuel Subsidy Suspects!

EFCC Changes Gear, Withdraws Case Against Fuel Subsidy Suspects!

By NewsAdmin on July 31, 2012

Fears being exercised in some quarters that the trial of firms and individuals allegedly indicted in the fuel subsidy probe are gradually being confirmed as the Economic and Financial Crimes Commission on Tuesday withdrew the charges against four of the suspects already dragged before a Lagos High Court. The EFCC on Tuesday withdrew all criminal [...]

Posted in Crime | Tagged EFCC, fuel subsidy | 1 Response

Fuel Subsidy: Case Adjourned As AGF Fails To Appear In Court!

Fuel Subsidy: Case Adjourned As AGF Fails To Appear In Court!

By NewsAdmin on July 25, 2012

The much awaited arraignment of the first batch of suspects allegedly involved in the fuel subsidy fraud could not hold on Wednesday as expected. The Lagos High Court that was prepared

Posted in Crime | Tagged fuel subsidy | Leave a response

Fuel Subsidy: EFCC Unveils First Batch Of Suspects

Fuel Subsidy: EFCC Unveils First Batch Of Suspects

By NewsAdmin on July 24, 2012

Precisely 97 days after the submission of the report of the investigation on the fuel subsidy regime, the Economic and Financial Crimes Commission, EFCC seems set to prosecute the first batch of suspects implicated in the oil subsidy fraud. The suspects, comprising oil companies and 11 individuals, will be arraigned before courts in Lagos. A [...]

Posted in Crime | Tagged EFCC, fuel subsidy | Leave a response

Otedola vs Lawan: Heads Or Tails, Nigeria Loses!

Otedola vs Lawan: Heads Or Tails, Nigeria Loses!

By NewsAdmin on June 13, 2012

How The Hunter Became The Hunted! The accusations and counter accusations from the two principal actors in the unfolding bribery drama have kept many Nigerians wondering about the kind of leaders and representatives they have. If Femi Otedola, a friend of Government and an associate of the President could admit offering a bribe and if [...]

Posted in Opinion, Politics | Tagged EFCC, fuel subsidy | 1 Response

Farouk Lawan Denies Bribery Allegation. Says “I knew They Would Fight Back”!

Farouk Lawan Denies Bribery Allegation. Says “I knew They Would Fight Back”!

By NewsAdmin on June 11, 2012

The House of Rep Member at the centre of the latest bribery allegation rocking Nigeria’s lower legislative arm, Hon Farouk Lawan has denied taking any bribe. In a statement read at a press briefing to make his own side of the story known on Sunday, Lawan said “my attention has been drawn to several newspapers [...]

Posted in Politics, Recent News | Tagged fuel subsidy, House of Representatives | Leave a response

House Of Reps Set For War Over $ 3 Million Oil Probe Bribe

House Of Reps Set For War Over $ 3 Million Oil Probe Bribe

By NewsAdmin on June 10, 2012

. How Farouk Lawan Was Indicted Street Journal’s findings have revealed that the House of Representatives might be in for stormy sessions in the next few days over a bribery allegation that is trailing the fuel subsidy probe. At the centre of the bribery scandal is the Chairman of the House of Representatives’ Adhoc Committee [...]

Posted in Politics | Tagged fuel subsidy, House of Representatives | 1 Response

Reps Fault Aig-Imoukhuede’s Appointment To Verify Subsidy Claims

Reps Fault Aig-Imoukhuede’s Appointment To Verify Subsidy Claims

By NewsAdmin on April 25, 2012

The debate on the recommendations in the report submitted by the House of Reps Ad hoc Committee that investigated the Fuel Subsidy Regime entered the second day on Wednesday. The House Committee of the Whole continued deliberations on the report and not only did the House consider the remaining 27 clauses that were not debated [...]

Posted in Business | Tagged fuel subsidy, House of Representatives | 1 Response

Fuel Subsidy Fraud: House Adopts Committee’s Recommendations

Fuel Subsidy Fraud: House Adopts Committee’s Recommendations

By NewsAdmin on April 24, 2012

. Details of The Recommendations The question on most lips as the Federal House of Representatives commenced deliberations on the recommendations put forward by the Farouk-Lawan led committee that probed the fuel subsidy regime is “will any of those found culpable be brought to book?”. The lower legislature commenced sitting on the issue on Tuesday. [...]

Posted in blog | Tagged fuel subsidy | Leave a response

FG Appoints Rogue Banker Aig Imoukhuede To Verify Subsidy Claims

FG Appoints Rogue Banker Aig Imoukhuede To Verify Subsidy Claims

By NewsAdmin on April 21, 2012

Heads might have started to roll as a result of the damning revelations made by the ad hoc Committee of the House of Representatives that investigated the fuel subsidy regime recently. The Federal Government has sacked the accounting and auditing firms of Akintola Williams & Co and Adekanola & Co. The companies verified the documentations [...]

Posted in Business | Tagged fuel subsidy | Leave a response

Petition Against Nigeria’s Minister of Petroleum Resources, Mrs Diezani Alison Madueke & Gov Hassan Ibrahim Dankwambo On The Alleged Fuel Subsidy Fraud

By NewsAdmin on April 20, 2012

20th April, 2012. The Chairman, Economic and Financial Crime Commission (EFCC) 5 Formella Street, Off Ademola Adetokunbo Crescent, Wuse 2, Abuja. ­­­ The Chairman, Independent Corrupt Practices and other related Offences Commission (ICPC) Plot 802 Constitution Avenue, Central District, PMB 535, Garki, Abuja.   Dear Sir,   PETITION AGAINST NIGERIAN MINISTER OF PETROLEUM RESOURCES,MRS DIEZANI [...]

Posted in blog, Letters | Tagged fuel subsidy | 1 Response

Fuel Subsidy Fraud Continues As PPRA Jettisons Transparency To Approve Errant  Marketers

Fuel Subsidy Fraud Continues As PPRA Jettisons Transparency To Approve Errant Marketers

By NewsAdmin on March 14, 2012

Indications have started to emerge that the Petroleum Subsidy Probe conducted by the National Assembly as well as all the actions promised by the various departments and agencies in Nigeria’s oil sector might end up not yielding any tangible result. The Petroleum Prodeuct Pricing Regulatory Agency (PPRA) recently gave approval to marketers for the lifting [...]

Posted in blog, Business | Tagged fuel subsidy | Leave a response

The Rot In Nigeria’s Petroleum Sector: How Marketers Swindled The Federal Government!

The Rot In Nigeria’s Petroleum Sector: How Marketers Swindled The Federal Government!

By NewsAdmin on January 20, 2012

Though the battle for the reversal of the pump price of petrol to N 65 per litre has been won and lost, the resultant effects still linger on. With the commencement of the probe into the removal of the subsidy on petrol, many Nigerians expect heads to start rolling soon. Street Journal’s investigations revealed that [...]

Posted in Business, Crime | Tagged fuel subsidy | 1 Response

The Protests That Shook A Nation- The Gains, The Winners & The Loser

The Protests That Shook A Nation- The Gains, The Winners & The Loser

By NewsAdmin on January 17, 2012

Having read so many posts by people who felt ‘betrayed’ by NLC/TUC for calling off the strike and having considered that so many people believed the government ‘won’ this impasse, I decided to introspectively put down my thoughts on the strike/protests/incidents of the past one week or so. Firstly, I have supported the protests/strike from [...]

Posted in blog, Opinion | Tagged fuel subsidy, protest | Leave a response

Revealed: The Untold Story Of The War Between Oando & PPRA

Revealed: The Untold Story Of The War Between Oando & PPRA

By NewsAdmin on January 17, 2012

. The Accusations & Counter Accusations . How Oando Made Billions Of Naira At The Expense of Nigerians! . How Company Tried To Influence Pricing With the heat generated by the sudden removal of the subsidy on Premium Motor Spirit (petrol) on January 1 yet to cool down, bitter wars have started within the petroleum [...]

Posted in Business | Tagged fuel subsidy, PPRA | 1 Response

Labour Suspends Strike, Agrees To N 97 Per Litre

Labour Suspends Strike, Agrees To N 97 Per Litre

By NewsAdmin on January 16, 2012

. Fashola Protests Military Presence In Lagos The leadership of Nigeria’s organized labour unions, the Nigerian Labour Congress and the Trade Union Congress made its standpoint known on the new price of petrol. The decision was made public at a press congress on Monday afternoon. The labour leaders announced the suspension of their industrial action, [...]

Posted in Recent News | Tagged fuel subsidy, NLC, strike | Leave a response

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