Gbawe: No Nairaland appetite for this thread? Perhaps I should get OP to modify his post and include the names Oando and Tinubu in the list so we can see sheer hatred take this thread to 15 pages.

RICHIE BOI: From the report of Honorable Farouk Lawan’s probe comes this list of Oil Marketers deemed to have collected subsidy funds illegally from the Federal Government. The Probe report indicates that they return these amounts:
S/N NAME OF MARKETER Amount

1. ACORN PLC N8,514.900,513.00
2. ALIMINNUR RESOURCES LTD N2,543,800,931.00
3. AMG PETRO-ENERGY LTD N7,226,773,136.00
4 ANOSKYE GROUP OF COMPANIES LTD N1,318,443,535.00
5. ASCON OIL AND GAS COMPANY N4,451,932,090.00
6. AVANT GARDE ENERGY N1,154,824,298.00
7. A-Z PETROLEUM N8,065,557,645.00 owned By Chika Okafor
8. CAH RESOURCES ASSOCIATION LTD N24,206,727.00
9. CONOIL PLC N3,027,526,589.00 owned Mike Adenuga
10. CRUST ENERGY LTD N1,192,651,581.00
11. DOWNSTREAM ENERGY SOURCE LTD N2,947,780,261.00
12. DOZZY OIL AND GAS LTD N1,587,298,801.00
13. DUPORT MARINE LTD N3,555,127,358.00
14. ECO-REGEN LTD N3,339,101,218.00
15. EURAFIC OIL AND COASTAL SERVICES LTD N3,868,147,024.00
16. FIRST DEEP WATER DISCOVERY LTD N932,207,739,.00
17. FRADRO INTERNATIONAL LTD N3,661,643.268.00
18. FRESH SYNERGY LTD N1,417,029,059.00
19. HEYDEN PETROLEUM N3,345,456,733.00
20. IBAFON OIL LTD N1,474,479,459.00
21. IMAD OIL &GAS LTD N2,701,002,852.00
22. INTEGRATED OIL & GAS N13,252,055,429.00
23. INTEGRATED RESOURCES LTD N1,166,486,995.00
24. IPMAN INVESTMENT LTD N7,538,586,178.00
25. KNIGHTS BRIDGE N1,685,869,439.00
26. UNETRALE OIL SUPPLY & TRADING CO. N1,213,903,930.00
27. UNGO OIL AND GAS COMPANY LTD N1,201,297,922.00
28. LLOYDS ENERGY LTD N4,370,512,172.00
29. LOTTOU OIL &GAS LTD N1,427,429,910.00
30 MAIZUBE PETROLEUM LTD N5,509,407,903.00
31. MATRIX ENERGY OIL & GAS LTD N11,211,040,786.00
32. MENOL OIL & GAS LTD N4,333,348,489.00
33. MOB INTEGRATED SERVICES N5,066,786,851.00
34. MOBIL OIL NIGERIA PLC N2,660,968,597.00
35. MUT-HASS N1,102,084,041.00
36. NADABO ENERGY LTD N2,660,902,801.00
37. NASAMAN OIL SERVICES LTD. N3,441,253,193.00
38. NATICEL PETROLEUM LTD N5,276,169,320.00
39. NEPAL OIL &GAS SERVO LTD N2,353,911,978.00
40. NIPCO PLC N7,838,353,057.00
41. OAKFEILD SYNERGY NETWORK LTD N988,920,219.00
42. OCEAN ENERGY N1,778,180,051.00
43 OILBATH NIGERIA LTD N1,019,644,138.00
44. ONTARIO NIGERIA LTD N4,248,727,148.00
45. ORIGIN OIL &GAS LTD N4,141,367,099.00
46. PETROTRADE ENERGY LTD N908,805,371.00
47. PHOENIX OIL COMPANY LTD N1,827,838,204.00
48. PRUDENT ENERGY & SERVICES LTD N1,360,898,638.00
49. RAINOIL LTD N1,266,773,492.00
50. ROCKY ENERGY LTD N1,620,110,167.00
51. RYDEN OIL LTD N451,150,983.00
52. SEA PETROLEUM & GAS CO. LTD N1,019,571,609.00
53. SEDEC ENERGY LTD N845,226,771.00
54. SETANA ENERGY LTD N2,791,264,070.00
55. SHEILD PETROLEUM CO. NIG. LTD N1,502,198,610.00
56. SIFAX OIL &GAS COMPANY LTD N3,589,063,041.00
57. SOMERSET ENERGY SERVICES LTD N2,172,206,037.00
58. STONEBRIGDE OIL LTD N1,784,158,258.00
59. SULPHUR STREAMS LTD N4,758,693,054.00
60. SWIFT OIL LTD N5,062,403,555.00
61. TAURUS OIL & GAS LTD N6,472,821,001.00
62. TECHNO OIL LTD N547,179,342.00
63. TONIQUE OIL SERVICES LTD N3,827,112,622.00
64 TOP OIL & GAS DEV CO. LTD N7,367,662,306.00
65. TOTAL NIGERIA PLC N1,931,075,306.00
66. VALCORE ENERGY LTD N8,709,548,082.00
67. VIVENDI ENERGY LTD N1,127,773,642.00
68. YANATY PETROCHEMICALS NIGERIA LTD N4,682,342,275.00
The office of the accountant-general of the federation (OAGF) should account for the sum of N213.678 billion, being total of excess payments made by it over and above what PPPRA identified as paid in 2009 and 2010. The OAGF is not only responsible for the accounts of the federation, including the PSF and domestic crude account, but refused to provide further details on the account when requested to do so during the public hearing.
The EFCC and ICPC should ensure that the office of the Accountant General of the Federation accounts for the over-recovery figures of N2.766 billion and N5.27 billion respectively. Conflicting figures for Nigeria National Petroleum Corporation NNPC had two sources of recovery of its subsidy as follows:
Direct deductions from domestic crude receipts accruable to the federation.
Payment by CBN through deductions from distributable revenues as per the federation account component statement.

http://ekekeee.com/index.php?p=1487

OAM4J: ^It will still be illegal if the content of the bill is inaccurate/doctored in any way and if these companies bribed or manipulated the agency/process to get the money out.

Anyways, that is why they have to be prosecuted in the law court and the court will decide if they did any wrong or not. Until then all we have is an allegation.

Kobojunkie:

If you do business with Government and put there on the bill that the cost of a hammer was $3000, and Government approves, and pays it, is it ILLEGAL?

A company can as well make up such a bill, and present it for payment. If the Government receives and stamps it,then it becomes very hard to claim the payment is illegal. I can't wait till when we start the COURT DANCE on this.

On Bribery and manipulation, companies pay bribe regularly. But I think the question is proving these cases. Technically the bribe payer and bribe receiver are culpable. Will those on the government end of this reveal that bribes were paid? Remember what become of our end of Halliburton fiasco? Those who were involved, on our end, still walk free.

sheyguy:
from what was said during the subsidy struggle, the marketer who defrauded FG did not inflate the price of product supplied most times, but claim to have supplied more than actually did. Now if u ask me, that is completely illegal.

sheyguy:
Ur example of hammer being supplied for $5000 shld be legal is that is the best offer the government can get and it comes under due process and fair competition.

Guk: 52. SEA PETROLEUM & GAS CO. LTD N1,019,571,609.00

SEA PETROLEUM & GAS CO. LTD is owned by the present Minister of Aviation, Stella Oduah. Since her company has been indicted, does she still have moral justification to remain in govt

Guk: 52. SEA PETROLEUM & GAS CO. LTD N1,019,571,609.00

SEA PETROLEUM & GAS CO. LTD is owned by the present Minister of Aviation, Stella Oduah. Since her company has been indicted, does she still have moral justification to remain in govt

jason123: http://www.seapetrol.com/staffmgt.html

OMO NA WA O! You are right sha!

Demdem:

Dont you think she deserves to be sacked also. i see conflict of interests here. So the aviation ministry is sufficient to repay her back for her work during the retardeen's campaign, this also was added.
This govt is simply miserable

Gbawe:


My guy, what even appalls me is how undiluted hatred has blinded some to the extent they cannot even see what is glaring. Dig up threads around that period and you will note I was telling folks that the likes of Oando could not be involved in petty scamming because they were one of the few original Major Marketers licenced to import fuel. Today, Oando is the best Company in Nigeria. Official. Even if one will hate, does that mean being blind to the extent that they cannot see that , for it success and achievements, there must be serious intellectual and business capacity/acumen behind Oando? Instead some will talk as if it is a rag-tag operation engaged in petty fraud all over the place.

I told folks comprehensively, back then, that the place to look was amongst the 'briefcase' marketers and those "jeun-jeun" firms licensed after The FG arrogated upon itself the right to issue marketers license in 2009 when it was only the NNPC empowered to do so previously. Nigerians needed to look at the many marketers who gained licences under Yar Adua and GEJ yet had nothing to do with the fuel business. In this murky sector, one would find that it is a Yoruba,Igbo, Hausa, Fulani, Ijaw "free for all" because greed and corruption knows no tribe and it is only the ethnic jingoist who would hold so. Now we are vindicated.