April 20, 2014

House of reps debate subsidy probe recommendations

Lawmakers in Nigeria’s House of Representatives on Tuesday have adopted 29 of the 60 recommendations by the ad-hoc committee investigating the fuel subsidy management and made amendments to six. The House considered the recommendations that were put forth in a report released last week, detailing massive corruption and mismanagement of the subsidy scheme.

The report held shocking allegations of fraudulent practices, including payments of N999 million made 128 times over a period of 24 hours. The Central Bank of Nigeria confirmed the payments, the probe report stated, but failed to identify the parties at the receiving end of the payments.

Hon. Farouk Lawan, chairman of the ad-hoc committee, assured that his committee had taken to their probe duties with accuracy and fairness and discovered, in the course of their investigation, that both the National Petroleum Corporation and the Petroleum Product Pricing Regulatory Agency (PPPRA) were party to the gross mismanagement of subsidy funds.

Lawan called on the House to adopt his committee’s report and recommendations as they are certain to help the nation and bring some reform to the failing petroleum sector.

“I urge you to dispassionately and objectively look at the recommendations in this report and to adopt same as Nigerians are watching,” he said.

Following Mr Lawan submission, the presiding officer of the committee of whole asked that the recommendations be debated one after the other.

The lawmakers unanimously adopted recommendations one to three of the report.

via Channels Television

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