Amid the turmoil over the removal of fuel subsidies, the League of Nigerian Governors has accused the NNPC of fraud and misleading millions of Nigerians. The governors said that unless it was discovered or the NNPC did not come out and tell the truth, Nigeria would continue to be in turmoil, like a parasite. They made the remarks in Abuja during a meeting with NLC and TUC labor leaders.
They met to discuss the crisis and the impasse over the removal of oil subsidies, which they said would have to be lifted sooner or later. They held a meeting two days after the Federal Government decided to suspend the removal of subsidies. Finance Minister Zainab Ahmed said Buhari had stopped withdrawing aid because it was considered that if it was increased, Nigerians would be burdened beyond their current level.
Zainab also said that groups would be formed to ensure that even if the subsidies were removed in the future, the increase would not affect the lives of the poor. The issue of fuel subsidy has long been debated. Gasoline Reach N302 – Nigerian Economic Development Council: In November, the National Advisory Council on Buhari (NEC) recommended that a liter of petrol be sold at either N302 or higher.
They cite the example of countries bordering Nigeria, where they say that compared to the way oil is sold there, then here in Nigeria it is almost unhealthy. At the meeting, the Nigerian governors said that the leaders in charge of oil sales and fundraisers had a secret plan, which they did not want to be known. In particular they blamed the NNPC.
That is why at the meeting of the Chairman of the Association of Nigerian Governors, Governor Kayode Fayemi called on the NLC and the TUC to stand up and expose all corruption in the name of fuel subsidy. He said they should find out whether the issue of fuel subsidy was not eliminated, whether it would benefit Nigerians as a whole, or whether a few would be able to make ends meet in the short term.
Not to be forgotten, in early December the Minister of Petroleum and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said that Nigeria relied solely on the Dangote refinery, which the rich man said would be completed by 2022. Emefiele said if oil was first refined at the Dangote refinery, Nigeria would have to pay for it in naira. Instead of using the dollar, she said, she bought crude oil, which she said forced the government to spend more on subsidies.
How the Nigerian Police Force misappropriated N3 billion worth of contracts
The first phase in which investigators discovered a breach of contract was the award of 10 contracts worth N1.1 billion for the contract, which was paid to 3 other companies all owned by the same individual. And there is no complete description of the owner of the companies. The Office of the Auditor General of the Federal Government has uncovered a N3 billion contract dispute with the Kano State Police Force, which took place in 2019.
Even more disturbing is the fact that the contracts are still pending, despite the allocation of N1.1 billion for 10 contracts, awarded to three companies, all of which are privately owned. Here are some of the highlights from the Nigerian Police Contract: The 490-page report was submitted to the National Assembly by the Auditor General of the Federal Government, and recommended that the funds be returned.
He said there had been negligence in 2019 and misappropriation of contract funds, non-payment of contracts, and non-commissioning. He said the Nigerian Police Force had violated Section 16 (8) of the Contract Contracts Act 2007. The Inspector General of Police (IGP) has requested the Inspector General of Police (IGP) to return N1,136,715,200 to the Federal Government Fund, and submit the receipt to the investigator, for confirmation.
And before the Inspector General returned the money, he explained to the Legislature how their money had been squandered by the police. A total of N924.9 million has been paid for a contract that has not been completed in 2019. Two per cent (613.5 million naira) was paid to the two contractors, even before they started anything. Payments were made on January 17, 2019.