EFCC swoops on PPPRA, carts away files

Following a directive by the Federal Government for the immediate review and investigation into all payments made in respect of subsidies on Premium Motor Spirit (PMS) and kerosene, operatives of the Economic and Financial Crimes Commission, EFCC, yesterday, swooped on the Petroleum Products Pricing and Regulatory Agency, PPPRA.
PPPRA is the agency saddled with the responsibility of ensuring petroleum products availability, moderating price volatility as well as regulating activities of operators in the petroleum industry.
Acting Head of Media and Publicity in the Commission, Mr. Wilson Uwujaren, who disclosed the operation to our correspondent in Abuja, said  the EFCC would also visit other government agencies involved in the management of the nation’s oil and gas resources.
Uwujaren noted that EFCC operatives visited the PPPRA “in line with the invitation from the Minister of Petroleum Resources to investigate the process of subsidy payments on petroleum products. This is only the first step in our investigation.
“We shall also be visiting other agencies and corporations that manage oil and gas resources on behalf of the country, as well as the marketers of the petroleum products.”
He, however, would not confirm if any arrests were made so far by the Commission, stressing that the operation at PPPRA was only the first leg of “a long and rigorous investigation into the activities of these agencies that regulate petroleum products production and distribution in the country.”
As part of the outcome of negotiations by the Federal Government and organized labour over the removal of subsidy, the government promised to clamp down on alleged acts of corruption within the petroleum industry.
This led to approval by President Goodluck Jonathan for the anti-graft agency to review all  payments made in respect of subsidies on PMS and kerosene, and to take all necessary steps prosecute any incidence of malfeasance, fraud, over-invoicing, and related illegalities in an open and transparent manner.
According to the letter dated January 12, 2012, addressed to the Acting Chairman of EFCC, Mr. Ibrahim Lamorde, and signed by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, the Commission is to “immediately review and investigate all payments made in respect of subsidies checked against actual importations and to take all necessary steps to prosecute any persons involved in any incidence of malfeasance, fraud, over-payments and related illegalities.”
It noted that the Federal Government has over the years run a subsidy regime in petroleum imports where the difference between the cost of importation and the pump price is paid for by the government to pre-approved oil marketing companies and importers.
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