Fuel Subsidy Scandal: 21 More Indicted Companies Exposed •FG Pays Marketers …
Written by Gbola Subair and Ebenezer Adurokiya
Saturday, 18 August 2012
Following the threat issued by the Minister of Finance, Dr (Mrs) Ngozi Okonjo-Iweala, last Thursday, to publish the names of more indicted marketers on the fuel subsidy regime, 21 names were released, on Friday, in Abuja by her office.
According to the minister, the companies are being investigated under the fuel subsidy regime.
This claim was contained in a statement by her Special Assistant on Media, Mr Paul Nwabuikwu.
The statement said the firms were being investigated based on the report of the Presidential Committee on Fuel Subsidy Payments headed by Mr Aigboje Aig-Imoukhuede.
The companies are: Alminnur Resources Ltd, Brilla Energy Ltd, Caades Oil and Gas Ltd, Capital Oil and Gas Industry Ltd, Downstream Energy Source Ltd. and Eterna Plc.
Others are: Euraafric Oil and Gas Ltd, Lumen Skies Ltd, Majope Investment Ltd, Matrix Energy Ltd, Menon Oil and Gas Ltd, Mob International Services and M.R.S. Oil and Gas Ltd.
The rest include; Nasaman Oil Services Ltd, Natacel Petroleum Ltd, Ocean Energy Trading and Services, Pinnacle Contractors Ltd, Sifax Oil and Gas Company, Tonique Oil Services Ltd and Top Oil and Gas Development Co. Ltd.
The statement noted that the Aig-Imoukhuede committee’s report recommended that the firms should refund various sums to the government’s treasury.
Also, the statement listed a second group of companies with infractions considered by the government and the Aig-Imoukhuede committee as “ relatively minor.”
According to the statement, the categories of companies were already holding discussion with the government for a quick resolution of all the inherent issues.
It gave conditions in which the government was prepared to settle their claims.
“For oil marketers under investigation for possible refunds to the government, their 2012 outstanding claims will be netted out against their expected refunds to government.
“For those
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