Nigeria: N1.1trn Subsidy Fund Scam: NNPC dares CBN, Reps; wants proof

Ahead of tomorrow’s commencement of debate on the report of the House of Representatives Ad-Hoc Committee on the utilization of petroleum subsidies, industry and political stakeholders were weekend separately upbeat and muted over alleged errors in  the recommendations.
The Nigerian National Petroleum Corporation, NNPC , yesterday, asked the committee to prove allegations of misdeed levelled against it,  even as it emerged that at least 17 of those companies indicted have resorted to go to court today to halt possible implementation of the recommendations. Chief Mike Ozekhome, SAN, who is lead lawyer to the companies told Vanguard yesterday that the companies would be filing court processes today to demand N100 billion for punitive damages.
Enthusiasm for the consideration of the report swelled at the weekend in the House of Representatives with members pledging to enforce the recommendations to be approved by the House. A member of the House ad-hoc committee Dr Ahmad Ali, cried out over what he claimed was a plan by those affected by the House report to destabilise the House leadership by instigating the impeachment of Speaker Aminu Tambuwal.
Reacting to the finding of the committee that the NNPC made double deductions in its subsidy claims, the corporation denied ever receiving any money in that regard since the inception of the Petroleum Support Fund, PSF.
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