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Subsidy Hearing: FG paid for excess 24 million litres of petrol daily in 2011.

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It emerged yesterday, during the subsidy hearing that the Federal Government paid for 59 million litres of Petrol daily in 2011 even though the country had a consumption capacity of 35 million litres per day during the same period. This gives an excess of 24 million litres per day, adding up to give 8.76 billion litres surplus of what was needed that year.

Chairman of the House of Representatives’ ad-hoc committee investigating subsidy Farouk Lawan said:

“How could the nation be made to pay for 59 million litres daily when we consume only 35 million litres daily? The balance of 24 million litres per day might be the area of sharp practices. By making that provision, you are encouraging smuggling because we know that this 24 million litres balance would simply be smuggled out of the country since it has been paid for already and we cannot consume it.”

In view of this huge excess, the PPPRA boss was asked whether the country had the storage facility to accommodate the 8.76 billion litres of excess fuel. He replied that the nation’s storage capacity could only accommodate 1.4 billion litres.

“This is a case of serious economic sabotage because when the daily supply excess of 24 million litres is multiplied by 365 days, you get 8.76 billion litres. This is the volume of fuel that might have been smuggled out of the country in 2011.

“This is part of the sharp practices through which ordinary Nigerians are being short- changed. This is the system that encourages smuggling and diversion by the importers because it cannot be consumed and you admitted that we don’t have the storage facilities,” Farouk Lawan said.

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6 Comments

6 Comments

  1. Iteshi

    January 20, 2012 at 7:37 am

    All these criminals in the helm of Nigerian affairs, deserves to die by hanging. How can people themselves citizens of a country be so cruel and corrupt? This is because the highest position in the country swimms in corruption to the least position. I hate Nigerian govt with passion.

  2. Salisu Wushishi

    January 20, 2012 at 8:38 am

    Shame on U all……… thieves

  3. Idris rasak

    January 20, 2012 at 9:06 am

    U are all thieves, God bless America, God punish Nigeria government

  4. Enter your name...felix Ebi

    January 20, 2012 at 9:44 pm

    They are all criminals and devils that’s why they don’t care about the welbeing of Nigerians and they deserve to be killed.

  5. Enter your name...b jay

    January 21, 2012 at 12:25 pm

    Our country is crippled coz d people at d hem of affairs are mentally downtrodden.we nid a revolution. D govt shud fear d people$nt d pple bin afraid of d govt.Nigerians nid2 DD †нє nation back from d hands of dis saboteurs called govt

  6. Faqir

    January 23, 2012 at 7:40 am

    stop saying dat day should kill them ok did u ever see where criminal kill criminal day ar all bed of desam peder.

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Metro News

Femi Otedola Reacts To Lekki Tollgate Shooting

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Femi Otedola Finally Reacts To Lekki Tollgate Shooting
Femi Otedola

Femi Otedola

Nigerian businessman, Femi Otedola has finally reacted to the shooting that took place at Lekki Tollgate, Lagos on Tuesday.

Information Nigeria recalls men dressed in military wears opened fire on unarmed #EndSARS protesters, who convened at the area.

Otedola took to his Instagram page on Sunday to commiserate with the families of those who lost their lives in the unfortunate incident.

Sharing a photo of the Nigerian flag, he wrote;

“The horrors that have been unfolding in our country have left me filled with sadness. I deeply commiserate with those who have lost their loved ones and as a father, I share the sentiment of my three daughters who protested in Lagos and London. As a young boy of 16, I participated in the ‘Ali Must Go Protest’ of 1978, so I understand the determination of our youths who rightly want our country to be better. We must all do our part to make Nigeria great! I will continue to do my own quota in providing for those who are most in need of support in our country in these tough times .…F.Ote💲”

Read Also: Femi Otedola Spotted Dancing With His Children (Video)

See his post below:

Otedola’s post

Otedola’s post

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Metro News

“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” – Brother Claims

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“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” - Brother Claims
Oke

Oke

Information Nigeria recalls a graphics designer identified as Oke, was killed hours after tweeting “Nigeria will not kill me” on Wednesday.

It was reported that the young man had passed away after he was hit by a stray bullet.

The deceased’s younger brother, Daniel has come out to clear the air regarding the circumstances leading to his death.

Daniel revealed his brother was stabbed on the neck by thugs who infiltrated and ransacked their home.

In his words;

Good day, My name is Obi-Enadhuze Daniel younger brother of the now deceased Okechukwu Obi-Enadhuze @O_Okee . I, my brother and mother lived at makinde police barracks, mafoluku, Oshodi, Lagos State.

Today at about 11 o’clock in the morning the police station at makinde was attacked by thugs who wanted to destroy the station, I my mom and brother were holed up in our house.

 The attack went on for hours before the thugs eventually breached the police and proceeded to set the station on fire, after accomplishing this they set their sights to the barracks and began the assault, they proceeded to destroy every car in the barracks, my mom’s 2 cars where destroyed and set on fire and then they infiltrated our house by breaking the door they then proceeded to ransack the house and carted away with everything we own. 

 my brother on trying to get them to take everything but spare us was pushed to my mom’s room and stabbed on the neck, the attacker then proceeded to attack me but missed my neck but got my chin instead, after this my mom and I carried my brothers body to the entrance of the station soliciting for help from the thugs still ravaging the barracks, we were finally able to put him in a wheelbarrow and took him to a hospital where he was rejected because “he was already dead” unfazed we moved him to another hospital where he met the same treatment this was where he bled his last drops of blood and died, his body has now been moved to a morgue

we have lost every single thing we own, as our house was completely ransacked and set on fire the only thing left is my brothers phone and at about 8 o’clock this evening the barracks was still on fire but Okechukwu has paid with the ultimate price

I and my mother are homeless with nothing now but we’re safe for now, we thank everyone that has been able to reach out to us, and were able to share consoling words with us in these trying times, God bless you

While we were holed up in the house the three of us said these words together and we say it again ” THREE OF US ARE HERE, THREE OF US ARE TOGETHER, THREE OF US ARE SAFE”

Let it be known that my brother @O_Okee  was NOT killed by a police bullet but died a hero protecting my mother and I.

If you see this please retweet, let the world know how Okechukwu died. He was NOT killed by a police bullet but thugs in his home!”

Read Also: RIP Oke: Barely 3hours After Tweeting “Nigeria Will Not End Me” #EndSARS Protester Dies From Gunshot

See his post below:

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Metro News

Youths Burn Down Sanwo-Olu’s Mother’s House In Lagos (VIDEO)

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Youths Burn Down Gov Sanwo-Olu’s Mother’s House In Lagos (VIDEO)

Youths Burn Down Gov Sanwo-Olu’s Mother’s House In Lagos (VIDEO)Lagos youths have set the family house of Governor Babajide Sanwo-Olu on fire.

This was after the Governor said that no nobody was killed during the shooting by soldiers at Lekki Toll Gate on Tuesday night.

Sanwo-Olu had debunked claims that the soldiers opened fire and killed some peaceful protesters.

Recall that men of the Nigerian Army reportedly opened fire on protesters following the declaration of 24 hours curfew by the Lagos State Governor, Babajide Sanwolu.

Bullets fired by security operatives hit some persons and at least two persons have been confirmed killed by the police and many injured

Voices in viral footage blamed the shootings on soldiers.

However, the angry youth attacked several important places such as Nigeria Port Authority, TVC News, and the family house of the Governor where his mother resides.

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