Adenuga, Tinubu, Dantata, Iheanacho fingered
The Senate has formally named Nigerians who have stolen and benefitted from the oil subsidy, causing pains and hardship to ordinary Nigerian citizens with Oando, owned by Wale Tinubu, younger brother of former Lagos Governor, Bola Ahmed Tinubu and Sayyud Dantata MRS oil topping the list.

Mike Adenuga’s CONOIL and construction companies, one of them suspected to be Julius Berger were named as the culprits.
Among the names reeled out by the Senator Abe led Committee are; Oando Nigerian Plc. – N228.506 b, MRS – N224.818 billion, Enak Oil & Gas – N19.684 billion, CONOIl – N37.960 billion, Bovas & Co. Nig. Ltd. – N5.685 billion, Obat N85 billion and AP; N104.5billion.

Also on the list are Folawiyo Oil – N113.3billion; IPMAN Investment Limited- N10.9billion; ACON – N24.1billion, Atio Oil-N64.4billion, AMP- N11.4billion; Honeywell-N12.2billion; Emac Oil- N19.2billion; D.Jones Oil-N14.8billion; Capital Oil – N22.4billion; AZ Oil- N18.613billion; Eterna oil- N5.57 billion; Dozil oil- N3.375 billion; and Fort oil-N8.582 billion.

Also, Integrated Oil and Gas owned by former Minister of Interior, Capt. Emmanuel Iheanacho was mentioned and is said to have benefitted to the tune of N30.777 billion, while IPMAN Investment Limited pocketed the sum of N10.9 billion.

Abe did not name the registered construction companies that benefited from the racket.

However, the alleged N450 billion kerosene subsidies owed the Nigerian National Petroleum Corporation (NNPC) by the federal government was debunked by the Petroleum Products Pricing Regulatory Agency (PPPRA) which told the lawmakers that the claims were not in their books.

Meanwhile, the executive secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Mr. Reginald Elijah disclosed that between 2006 and September 2011, a whopping N3.655 trillion was expended on fuel subsidies.
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This is 9ja. Nobody can stop them. Use ur brain and stop thinking about the useless oil. Even niger rep with their "2 drops" of oil, has a Functioning refinery. Do you think the f.g cannot fix ous? Forget the oil an hustle bro