Subsidy scam: Okonjo-Iweala, others to appear before panel

Subsidy scam: Okonjo-Iweala, others to appear before panel

Determined to get to the roots of its investigation of government’s fuel subsidy regime, the senator Magnus Abe-led Joint Committees on Petroleum Resources (downstream), Appropriation and Finance has again summoned the Coordinating Minister of the Economy and Finance, Ngozi Okonjo-Iweala and the erstwhile Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Mr. Austin Oniwon, j

This is the second time in a month that the Committee would issue such an invitation. However,  this time, the invitation has been extended to include former heads of federal government agencies who were involved in the probe panel.

The Upper chamber is presently on a week-long retreat in Uyo, Akwa Ibom State, but a member of the panel said next week’s interaction with government officials and private sector operators is expected to be the last public meeting after which the committee is expected to collate and submit its report to the whole house.

The committee had earlier postponed a scheduled meeting of stake holders in the oil sector due to the Dana air crash in Iju-Ishaga, Lagos on June 3.

The Senate probe emanated from a resolution in November last year based on a motion by Senator Bukola Saraki who raised the alarm on government’s extra-budgetary spending on fuel subsidy in 2011.

Others invited are the Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Mr. Reginald Stanley, Managing Director of the Pipelines and Products Marketing Company (PPMC) and at least three former PPPRA Executive Secretaries. The list also include: Dr. Olusola Oluleye; Mr. Abiodun Inikunle; and Engneer Goddy Egbuji.

Also invited are the Chief Executive Officers of Capital Oil and Gas Limited, Mr. Ifenayi Ubah, Oando Nigeria Plc, Mr. Wale Tinubu and Folawiyo Energy. Included on the list of invitees are Depot and Petroleum Marketers Association (DAPPMA).

In a signed statement from the Joint Committees on Tuesday, all the invited stakeholders are expected to appear before the committee between Monday, July 2 and Tuesday, July 3.