Abuja —The Federal Government
says it has recovered N29 billion
out of the N232 billion oil subsidy
scam. The Minister of Finance and
Coordinating Minister of the
Economy, Dr Ngozi Okonjo-Iweala
dropped the hint in Abuja,
yesterday. Okonjo-Iweala spoke at the
ongoing Nigerian Economic
Conference. She said the amount was
recovered from some marketers
who allegedly defrauded the
Federal Government in the oil
subsidy payment scheme. The minister maintained that the
recovery exercise was part of
government determination to
fight corrupt practices in the oil
and gas sector. “Now of the N232bn that has
been put forward as fraudulent
claims, we are right now able to
hold N29 billion of that. “So instead of paying them, we
are recovering what they owe
us. So, my single hope is that out of
this, we have recovered virtually
that amount of about N29 billion
and we are looking forward to
recovering the balance of the
total. “Some of these people are being
chased and prosecuted and the
EFCC and ICPC are still
investigating this.” The minister said that about 50
marketers were being
investigated over the subsidy
scam. She attributed the slow pace of
payment of the subsidy claims to
the ongoing verification and
thorough scrutiny of such claims
by relevant agencies. Okonjo-Iweala reiterated that
only genuine claims of oil
marketers would be entertained. “We have never stopped paying
because all these issues about
queues and so on, of course
sometimes the marketers have
said unless you pay us, we are
not going to bring in oil. “But we have not yielded to any
of that kind of stress or even
blackmail, we have continued to
do our work and we will continue
to pay those who are clean,” she
said.
www.vanguardngr.com/2012/12/subsidy-scam-fg-recovers-n29bn-from-suspects/

Put more effort my chairman..soon d whole world would see d good in u and d luck we have frm having u.

To cut the story short, government has embarked on Plea Bargain with the thieving marketers. All the court cases involving the indicted marketers are all Red Herrings as charges against them would be dropped once they agreed to refund back their loot . These marketers ought to be incarcerated to serve as deterrent to others but since government itself is complacent in the fraud, it has created a safe way to obstruct justice for the thieves.

Na A LUTIN CONTINUA for the boys! Naija I hail thee.