Revealed: Most Private Jets In Nigeria Are Owned By Fuel Subsidy Thieves

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“As the government needed to import fuel to augment local consumption, it enriched its cronies who engaged in fraudulent importation of fuel through fake mother and daughter vessels. Most of the 150 private jets in the country today are owned by fraudulent fuel importers.

“Last year, the IMF and its local lackeys claimed that the economy would collapse if petrol was not sold at N141 per litre. But with massive strikes and protests, the price was reduced to N97. Did the economy collapse? These are voodoo economists.”

Human rights lawyer, Femi Falana, a Senior Advocate of Nigeria, said this while reacting to the latest call by the IMF for the removal of fuel subsidy in Nigeria.

N1.8 Billion Subsidy Fraud: Tukur’s Son Says Lagos Court Can’t Prosecute Him

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Mahmud Tukur, son of Peoples' Democratic Party (PDP) Chairman, Bamaga Tukur
standing trial for allegedly conniving with others to fraudulently collecting
N1.8 billion subsidy fund.

Two oil marketers and their company on Monday challenged the jurisdiction of a Lagos High Court in Ikeja to entertain the N1.8 billion fuel subsidy fraud charge preferred against them by the Economic and Financial Crimes Commission (EFCC).  The marketers, Mahmud Tukur and Alex Ochonogor, alongside their company, Eterna Plc, filed their application before the court presided over by Justice Adeniyi Onigbanjo.

Why fuel subsidy account is empty —Okonjo-Iweala

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The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Tuesday confirmed The PUNCH’sstory that the Federal Government’s subsidy account with the Central Bank of Nigeria was empty, blaming the situation on technical hitches in the documentation with the CBN. Okonjo-Iweala, while briefing journalists in Abuja, said the transfer of funds meant for fuel subsidy payments from the excess crude dollar account to its naira equivalent accounted for the empty account.

Kidnappers quized my mother on subsidy payments'- Okonjo Iweala

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“I can’t give all the details because we don’t want to compromise ongoing investigations. But I can tell you one thing: my mother suffered a great deal during this ordeal. It was only the Almighty that rescued her from a situation that could very easily have ended tragically. Apart from the emotional trauma of being violently taken away from her family and kept incommunicado for five days in a strange environment, a woman of 83 years was left without food for five days.