Wednesday 7 March 2012

Conflicting figures delay subsidy probe report


Minister of Finance, Dr. Ngozi Okonjo-Iweala
The report of the House of Representatives probe of the management of fuel subsidy funds may be delayed due to conflicting figures submitted to it by government agencies and fuel marketers.
 Findings by The PUNCH on Tuesday indicated that the much-awaited report might not be made available for at least three weeks as the committee had to sift through conflicting figures.
A committee member told our correspondent in Abuja on Tuesday that the figures submitted by fuel marketers and regulators did not tally.
The source, who pleaded anonymity, said, “We have been battling with tonnes and tonnes of documents in the past few weeks.
“A major challenge has been the conflicting figures before the committee. The Ministry of Finance, the Petroleum Products Pricing and Regulatory Agency, the Nigerian National Petroleum Corporation, the Central Bank of Nigeria and the Pipelines and Products Marketing Company all gave us conflicting figures.
“Fuel marketers and contractors who imported petroleum products also gave the committee conflicting figures. In many areas, you can hardly find figures tallying.”

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