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Kerosene Subsidy A Scam, Sanusi Says

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Sanusi-lamido-SanusiThe Governor of the Central Bank of Nigeria, CBN, Mr. Sanusi Lamido Sanusi has dismissed claims by the Nigeria National Petroleum Corporation, NNPC of spending money on kerosene subsidy which he calls a scam.

Sanusi said this yesterday at the resumed Senate Investigative Public Hearing on un-remitted oil revenue in Abuja, stressing that the sum of $20 billion was un-remitted to the Federation Account by the NNPC, between January 2012 and July 2013.

According to him, the NNPC has to prove that the $20 billion unremitted either did not belong to the Federation or was legally and constitutionally spent.

The CBN Governor noted that  the NNPC, by paying kerosene subsidy, confessed to a number of serious infractions. He backed his claim with data provided by the National Bureau of Statistics, NBS, stressing that kerosene was not a subsidised product, adding that the so-called subsidy was rent generated for the benefit of those in the kerosene business.

Sanusi also produced evidence of a presidential directive eliminating subsidy payment on kerosene as from July 2009, issued by former President Umar Musa Yar’Adua. The huge losses inflicted on the Federation Account have not been appropriated, according to the governor.

Sanusi asked the NNPC to also prove to them that it obtained authorisation to purchase kerosene at N150/litre from Federation funds and sell at about N40/litre, despite the widely known fact that the product sells in the market at N170-N220/litre.

Sanusi also said the records suggest that the NNPC imports about four to six vessels of kerosene a month, according to Nigeria Ports Authority, NPA records.

The governor also said based on industry sources, the Federation Account loses $100 million monthly due to racketeering in the industry.

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4 Comments

4 Comments

  1. wokem

    February 5, 2014 at 6:53 am

    God bless Sanusi

  2. Lawrence Aburimen

    February 5, 2014 at 9:39 am

    I PITY THIS MAN

  3. sunny

    February 5, 2014 at 10:11 am

    lets watch and see what will happen, Sanusi has really acted like a man to emulate on this issue.

  4. kak

    February 5, 2014 at 1:42 pm

    Nigeria is being milked dry and our president says corruption is not our problem.

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“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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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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#LekkiMassacre: Hoodlums Storm TVC Station In Lagos; Set Properties On Fire (Video)

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#LekkiMassacre: Hoodlums Storm TVC Station In Lagos; Set Properties On Fire (Video)
Properties in the conpound on fire

Properties in the compound on fire

Hoodlums have reportedly invaded the headquarters of popular news station, TVC, believed to be owned by National Leader of APC, Bola Tinubu.

According to reports, the staff of the news station are being trapped in the building located in Lagos.

Videos circulating online shows that properties in the compound have also been set ablaze.

The news station is currently off air and this comes hours after Nigerians accused the Lagos politician of having a hand in the #LekkiMassacre.

Information Nigeria recalls security agents had opened fire at peaceful #EndSARS protesters at Lekki Tollgate on Tuesday.

In a video circulating online, the anchors of one of the shows, ‘Your View’ were heard saying that there were hoodlums at their gate trying to break into the premises.

Read Also: #EndSARS: Nigerian Army Denies Shooting At Protesters In Lekki

Watch the video clips below:

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