Nigeria to investigate fuel subsidy graft

2012-05-22 22:05

Abuja - Nigeria's justice minister vowed on Tuesday to probe those implicated in a parliamentary report detailing billions of dollars lost through a graft-ridden fuel subsidy programme, as the government faced pressure to act.

After receiving the report that found $6.8 bn were lost from 2009 to 2011, Justice Minister Mohammed Adoke said he would "prosecute all those who are found culpable".

"There will be no scared cows," Adoke told journalists. "Get it clear: we are going to do our job without intimidation."

The report compiled by a parliamentary panel and released last month charged that a fuel subsidy programme designed to keep petrol prices low was plagued by gross mismanagement and massive corruption.

It heavily criticised Nigeria's state oil firm, NNPC, and called for it to be restructured.

President Goodluck Jonathan has directed the justice ministry to investigate and prosecute wherever the evidence allows, Adoke said.

"We are not going to witch-hunt anybody. We are going to do this without sentiments and whoever is found guilty, we are going to arraign him before a court of law," he pledged.

The country's anti-graft police, the Economic and Financial Crimes Commission, will carry out the investigation, he said.

The report described the subsidy programme as riddled with poor accounting, overpayments, wilful disregard for regulations and incompetent management.

Nigeria imports fuel

The House of Representatives has endorsed the bulk of the panel's report, but backing from lawmakers carries no force of law and allegations must be investigated by authorities.

The inquiry has gripped Nigeria, Africa's most populous nation and the world's eighth-largest crude producer.

Despite its vast reserves, Nigeria imports much of its fuel due to a lack of refining capacity, a situation also blamed on corruption and mismanagement.

In order to keep prices low at the pump, the government pays subsidies to fuel importers. Many Nigerians, the majority of whom live on less than $2 per day, see low petrol prices as their only benefit from the nation's oil wealth.

Citing corruption among other issues, Jonathan sought to end the subsidy programme without warning on January 1.

The move instantly caused petrol prices to more than double, resulting in mass protests and a week-long general strike that was called off when the subsidy was partially re-instituted.

Read more on:    nnpc  |  goodluck jonathan  |  nigeria  |  west africa  |  corruption
NEXT ON NEWS24X

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
 

Madonsela to probe ANC food-for-votes claims

Public protector Thuli Madonsela has launched an investigation into whether the ANC has used state resources for its electoral campaign, says a report.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters
 
Traffic
Lottery
 
  • Thursday Sir Lowry's Pass - 05:35 AM
    Road name: Old Sir Lowrys Pass Road
    TRAFFIC LIGHTS not working at Bezweni Road
  • Thursday Cape Town - 05:35 AM
    Road name: Buitengracht Street
    TRAFFIC LIGHTS not working at Waterkant Street
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Canon EOS 600D

The Canon EOS 600D Digital Camera puts the widely respected...

From R5389.95

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may be good at organising events but they do take their toll on your energy levels. You may need some time out today just to...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.