Subsidy: FG Publishes Updated List Of Marketers For Criminal Investigation

The government of Nigeria has published an updated list of oil marketers recommended for criminal investigation in the on-going saga in the country’s oil industry.

In a notice circulated on Wednesday by the office of the Finance Minister and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, the government stressed that the updated number is 25, four more than the list of 21 released earlier. The information, in a table format, was extracted from a report.

“The Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments has confirmed the number,” the notice said.

The table also includes a summary of the infractions, which the committee confirmed were committed by the 25 firms.

“As the information shows, some of the companies claimed payments for consignments brought in by ships, which investigations revealed were either non-existent, or were somewhere else in the world!” the government said.

While most of the companies were cited for a single infraction each, some of them had several. They include:

• Capital Oil & Gas Industry Limited, which has five infractions totalling almost $8.9 billion;

• Matrix Energy Limited, five infractions totalling $6.23 billion; and

• Nassaman Oil Services Limited, four infractions totalling $3.86 billion.

The full list is as follows:

Please find below extract of the report detailing the cases against the Twenty-Five (25) OM&Ts.

Updated List Of Oil Racketeers Recommended For Criminal Investigation

List Of Oil Racketeers Recommended For Criminal Investigation

List Of Oil Racketeers Recommended For Criminal Investigation

list of subsidy racketeers

List Of Oil Racketeers Recommended For Criminal Investigation

List Of Oil Racketeers Recommended For Criminal Investigation

List Of Oil Racketeers Recommended For Criminal Investigation

List Of Oil Racketeers Recommended For Criminal Investigation

List Of Oil Racketeers Recommended For Criminal Investigation

List Of Oil Racketeers Recommended For Criminal Investigation

List Of Oil Racketeers Recommended For Criminal Investigation

  1. Omoade Reply

    THE STATE OF OUR NATION

    Now that this govt is finally showing that it cannot just bark, but can bite, by taking the cabals head on, refusing to pay billions of Naira in false subsidy claims and demanding the refund of even more billions already swindled off the system, the so called cabals are now fighting back. And have roped in NUPENG on their side to create artificial fuel scarcity all over the nations again.

    Now, our question is, where are the Civil Society Groups that are always vocal in fighting for the rights of all Nigerians? Must we fight the govt alone? How about the few selfish ones in our midst who are sapping the resources of this country thru false means? Are we going to allow them to cripple our economic activities again with artificial fuel scarcity? This is an issue that affects all Nigerians.

    Fuel scarcity or no fuel scarcity, Govt officials, senators and house of reps members would have fuel to use. The cabals would have fuel to use. It is innocent Nigerians like you and I that would bear the brunt.

    Let’s rise with one voice to condemn these fuel marketers and resist their antics and insult of our collective intelligence! Enough is enough!!!

    Signed.
    – Association of Conscientious

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