EFCC recovers N5billion from suspected oil subsidy thieves

The EFCC says investigation and prosecution of fuel subsidy cases had not been easy but that it was resolute to bring the cases to logical conclusion

The Economic and Financial Crimes Commission [EFCC] has so far recovered about N5billion from persons and organisations indicted in the fuel subsidy scam.

The agency’s Head, Media and Publicity, Wilson Uwujaren, made this disclosure in Abuja on Wednesday during a town hall meeting on Fuel Subsidy organised by Africa Network of Economic and Environment Justice, ANEEJ, in collaboration with Justice for All, J4A.

According to Mr. Uwujaren, the EFCC is currently prosecuting 13 different oil subsidy cases, while investigations are on to bring other indicted persons or companies to justice.

“Investigation and prosecution of fuel subsidy cases have not been too easy for us but we are resolute in our determination to ensure that we push all those cases to logical conclusion,” he said.

Mr. Uwujaren however did not provide details of the oil marketers from which the N5 billion were recovered.

While underlining the importance the Commission places on transparency and corruption issues in the oil sector, the EFCC spokesperson said the Commission presently has a full fledge section charged with investigation of oil subsidy matters and other extractive industries issues.Town Hall Meeting on Fuel Subsidy

He thanked the organisers of the programme for their initiative saying, “as a Commission, we welcome any initiative that draws public attention to the monumental fraud that we have in the oil subsidy regime”.

Speaking at the event, David Ugolor, Director, ANEEJ, said the purpose of the town hall meeting was to review how the anti-corruption agencies and the judiciary had fared so far in the investigation and prosecution of indicted persons and companies in the fuel subsidy regime and to also agree on measures needed to be taken to put pressure on the Federal Government to do more in bringing indicted persons and and companies to justice.

According to Ugolor, “It is widespread that payments of oil subsidy to oil marketers were inflated and several marketers got paid for doing nothing and expenses charged to subsidy account”.

He emphasised the need to amend the EFCC Act to create “special courts” for prosecution of corruption cases.

Also speaking, Otsemaye Newton of the Justice For All called for more synergy among anti-corruption agencies and the Civil Society Organisations, CSOs, in investigating and prosecuting oil subsidy and other economic and financial crime cases.Town Hall Meeting on Fuel Subsidy 3

Another speaker, Peter Ritchie who spoke on “Fuel Subsidy Fraud Background” criticised the manner public funds are being siphoned and called for prudence in the management of the Petroleum Support Fund.

Mr. Ritchie also stressed the need for financial independence of anti-corruption agencies to further strengthen the war against graft in Nigeria .

He however commended EFCC for the strides recorded in the prosecution of oil subsidy and other corruption cases in Nigeria

More than 40 civil society organisations participated in the town hall meeting.


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  • True Nigerian

    N2 Trillion stolen. EFCC recovers N5b and it is applauding itself! Hahaha! Weak institutions, powerful individuals! Damaged feeble institutions which are at the mercy of the powerful individuals they are meant to regulate and contain. That is a recipe for the permanent failure of any state. It is shocking how Nigeria ranks as number 37 in the league of most corrupt countries of the world. This country leads the pack on corrupt enclaves in the world. I know the bandwagon of slavish citizens would want to challenge that assertion. Before they start, here is the question. What percentage of Nigeria’s budget is N2 trillion? That is nearly half the entire bugdet of the country. In which other country is that happening? 50% of a country’s budget in a year stolen by less than 50 people and EFCC and Jonathan are applauding themselves for getting N5b back. Nigeria is rotten, stinking and horrifying.

    At the US-Africa summit recently, Africa’s “richest” man was telling
    the world that people who say Nigeria is corrupt or difficult place to do business do not know the story
    because they are not there in Nigeria. Terrible! Of course for a man who
    became Africa’s richest man by getting undue, illegal waivers and
    immoral destructive monopolies, everything would seem alright in his own
    eyes. Everything would be right in the eyes of a “topman” who is on top
    because he simply trades in politics by using the commonwealth that are
    illegally transfered to him in funding the political advantage of the
    malfeasant people who gave him that wealth in the first place. This is
    someone for whom government killed off competition, killed off many
    other businesses to the detriment of Nigeria and Nigerians. But beyond
    Dangote’s short-sighted narrative, the truth is that Nigerians and
    Nigeria are in turmoil and it will not come to an end soon. Dangote’s
    “see no evil” and “hear no evil” attitude towards the human and
    leadership disaster in his own country will never obliterate the fact
    that Nigerians live in a country where even the smallest and youngest
    person has to pay bribes in order to get the most basic service in
    public space. They have to bribe the police to investigate a murder,
    assault, robbery, rape, death etc. Lord have mercy! The truth is that Nigeria has killed off more businesses than
    it has built. The narratives from people like Dangote will never blot
    out the fact that, for instance, some staffs of the jet rental company
    which Alison Diezani-Madueke oiled with her N10b a year worth of financial impunity have
    had to quit their jobs in Nigeria because madam and her boss are the
    current menace in town and any investor or business that refuses to be
    unethical like them or refuses to withhold documents when madam wants it
    so is finished. To put it mildly, anyone that knows anything about foreign investment
    will know that such a country is not an iNvestor’s joy.

    Nobody who knows the degree of the rottenness in this country will want to live in it or associate with it, except for the purpose of getting his own loot from the sinking ship and getting out. It explains why we are supposedly the next economic giant of the globe and yet also ranking as a country which most of its citizens (mostly our youngest men) cannot wait to find themselves in a rickety boat or other troubling schemes that will help them to make a precarious journey to the shores of Italy and Europe. Nigeria’s so-called growth has left more than 80% of its people in horrifying poverty. But their stories are rarely told or heard. It is the stories of Dangote that the world knows.

    50% of a country’s budget in a year stolen by less than 50 people and
    EFCC and Jonathan are applauding themselves for getting N5b back.
    Nigeria is rotten, stinking and horrifying.

  • Efe1

    N5billion of N2.7 trillion and EFCC want Nigerians to sing their praises? That is interest earn in 1 second. EFCC can go dive rock.