All posts tagged "subsidy fraud"

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  N1.3b subsidy scam: EFCC’s negotiation with marketers breaks down

  The attempt by two marketers, Aro Sunday Bamidele and Abiodun Kayode Bankole, to negotiate with the Economic and Financial Crimes Commission (EFCC) over the N1.3 billion subsidy fraud preferred against them has failed. Both marketers are standing...

  • Posted January 29, 2013
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  Finance Minister Accuses Subsidy Fraudsters over Mothers Kidnap

  The Finance Minister, Dr. Ngozi Okonjo-Iweala’s mother was kidnapped on December 9 from her home in Ogwashi Uku, Delta State and released five days later. However, the minister is pointing fingers to certain quarters for kidnapping her...

  • Posted December 18, 2012
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  TUC Calls for Immediate Prosecution of Oil Subsidy Thieves

  The Trade Union Congress (TUC) has called on the Federal Government to expedite efforts in prosecuting indicted fuel subsidy fraud suspects without further delay. The TUC condemned the delay in prosecuting the alleged subsidy thieves in the...

  • Posted December 12, 2012
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  Subsidy: 50 Oil Firms Collected N232 billion Illegally- Okonjo-Iweala

  Minister of Finance, Mrs. Ngozi Okonjo-Iweala said Fifty oil marketers illegally collected N232 billion from the Federal Government as fuel subsidy. Mrs. Ngozi Okonjo-Iweala who doubles as the Co-ordinating Minister for the Economy said the government has...

  • Posted December 4, 2012
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  Bank Fraud: Billionaire Oil Marketer Denied Bail, Detained at Kirikiri Maximum Prison

  An oil Marketer, Mr. Seun Ogunbambo has been remanded at the Kirikiri Maximum Prison pending his trial for a bank fraud involving over N1.2bn. Mr. Seun Ogunbambo was denied bail by the presiding Judge, Justice Olabisi Akinlade...

  • Posted November 28, 2012
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  EFCC Insists N1.4 billion Subsidy Fraud Suspects Must Face the Law

  The Economic and Financial Crimes Commission (EFCC) yesterday told a Federal Capital Territory High Court that it has sufficient proof to put three suspects on trial for alleged N1.4billion fuel subsidy fraud. The N1.4b subsidy fraud suspects...

  • Posted November 27, 2012
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  NNPC N1.2 trillion Subsidy Claim: Diezani calls on Jonathan to caution Okonjo-Iweala

    President Goodluck Jonathan has been alerted by the Nigerian National Petroleum Corporation (NNPC) to a looming acute fuel shortage, should the FG fail to pay the N1.13trn subsidy owed to NNPC. The Minister of Petroleum Resources,...

  • Posted November 22, 2012
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  Oil Marketer Arraigned for N272.5m fraud, Remanded in Prison Custody

    An Oil marketer, Mr. Adejugbe Anthony and his company, Tonique Oil Services Limited were yesterday arraigned before  Justice Lateefa Okunnu of the Lagos High Court, Ikeja by the Economic and Financial Crimes Commission (EFCC) on a...

  • Posted November 14, 2012
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  A Subsidy Drama: The EFCC’s Romance with The Chairman’s Son

  In the war against terrorism, some countries refuse to negotiate with terrorists. These countries are the ones that are more successful than others. In the war against financial and economic terrorism or crass corruption, Nigeria always chooses...

  • Posted November 14, 2012
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  Subsidy fraud: Jonathan Turns his Back on Desperate Marketers

  The perpetrators of the fuel subsidy fraud may be heading towards their waterloo as sources have confirmed that the president has refused to give audience to the distressed marketers who made efforts to get the Presidency to...

  • Posted November 1, 2012
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