President Muhammadu Buhari, has mapped out strategies to recover some stolen loots in the Nigerian oil industry during the administration of former president Goodluck Jonathan.

Buhari is reportedly using this tactics because his government is short of cash. The government has allegedly stumbled on some illegal deals that were perpetuated by former Petroleum Minister, Diezani Alison-Madueke and some Nigerian oil companies as well as oil marketers.

Alison-Madueke had reportedly been heavily involved in transferring certain oil wells reclaimed from multinational oil companies to some Nigerian operators she is close to.
Already, Buhari’s administration has started retrieving some of the missing monies that disappeared as a result of the deal.
A source in Buhari’s government told Sahara Reporters that, one of the Nigerian operators had volunteered to return $500 million to the federal government’s account. Although, the source said the marketer is in possession of $4.5 billion.

The government’s strategy is to target oil marketers and companies “caught red-handed in stealing huge sums of oil subsidies and oil revenues.” Some of them have been pressured to repay the stolen monies traced to them.

“A number of them have agreed to import massive levels of fuel in lieu of the funds they received in shady transactions during the Jonathan administration,” another source claimed.
The government is also said to be putting pressure on Alison-Madueke, but she denied any wrong-doing instead she implicated some officials in the NNPC, and accused them of fraud.
“The [Buhari] government got her to write a formal account of her allegations against some NNPC officials and oil companies. What she put down gave a picture of how some of the funds went missing. The document was then forwarded to the Economic and Financial Crimes Commission (EFCC) in the form of a petition,” the source said.
Those the former minister implicated in the NNPC include the current General Managing Director (GMD), Haruna Momoh, a former GMD, Austen Oniwon, Reginald Stanley and Sam Okeke, a former Group General Manager, New Business Division of the NNPC.

source: http://www.naij.com/458121-marketers-agreed-to-return-funds-presidency-sources.html?pk_campaign=ush

Good

cool

Great

This is the type of news deserving of FP mods. The news has been around since yesterday.

The fear of boo boo hari...





Waiting for barcanista n taniods to say otherwise

Need worth commenting on.... Return our money and save your face..


God bless Nigeria

APC and their propaganda. Who are the marketers that "agreed" to return funds? How much did they agree to refund? When will they start refunding? Who is the "source"


You guys should quit propagating falsehood and get to work. It's 13 days already and we are yet to understand the government

U know that I don't accept propaganda. Sorry

chamboy:
The fear of boo boo hari...





Waiting for barcanista n taniods to say otherwise

barcanista:
APC and their propaganda. Who are the marketers that "agreed" to return funds? How much did they agree to refund? When will they start refunding? Who is the "source"


You guys should quit propagating falsehood and get to work. It's 13 days already and we are yet to understand the government

They no dey tire I tell you. Na one lie and propaganda after another. It was Obsanjo that was rumoured to have returned stolen wealth and now the oil marketers.

Having repackaged and sold a damaged goods to Nigerians they are now trying to render after-sales customer services.

It wouldn't work because of high expectations Nigerians have on their Change President and Regime.

IsraeliAIRFORCE:


They no dey tire I tell you. Na one lie and propaganda after another. It was Obsanjo that was rumoured to have returned stolen wealth and now the oil marketers.

Having repackaged and sold a damaged goods to Nigerians they are now trying to render after-sales customer services.

It wouldn't work because of high expectations Nigerians have on their Change President and Regime.

hahaahahah @ "rendering after-sales customer services".

They just like to lie! No wonder they hired a certain LIE Mohammed to cook up their lies