All posts tagged "subsidy fraud"

• 
  Capital Oil Denies Involvement in subsidy fraud, Accuses Access Bank CEO of Hidden Interests

  The management of Capital Oil and Gas Industries Limited has denied any involvement in the fraudulent collection of subsidy claims following allegations levied against them by the Presidential Committee on Subsidy, headed by Aigboje Aig-Imoukhuede. The Media...

  • Posted November 1, 2012
  • 0
• 
  Why Ifeanyi Ubah, Capital Oil boss was Arrested by Special Fraud Unit

  Capital Oil and Gas CEO, Ifeanyi Ubah was yesterday arrested by members of the Special Fraud Unit (SFU) over allegations of his company’s involvement in the fuel subsidy scam. The Aig Imokhuede-led committee on on Verification and...

  • Posted October 10, 2012
  • 1
• 
  Subsidy Fraud: Aig-Imoukhuede led Committee Indicts 21 Firms on N382 billion

  The Aig-Imoukhuede led committee charged with verification and reconciliation of fuel subsidy claims and payments has indicted 21 firms of committing subsidy fraud to the tune of N 382 billion and recommended their prosecution to the Presidency....

  • Posted July 25, 2012
  • 0
• 
  Reps Query Subsidy Overpayments to Otedola’s Company, Others

  The House of Representatives Committee on Petroleum Resources (Downstream) has unraveled a series of over-payments made to major oil marketers from the Petroleum Equalization Fund (PEF). The oil companies mentioned in this recent investigation include Forte Oil...

  • Posted June 21, 2012
  • 0