Fuel subsidy probe: Major oil marketer MDs/CEOs go into hiding •As EFCC, ICPC, SSS lay siege to venue

BIG time importers involved in the oil subsidy regime currently being probed by the House of Representatives ad hoc committee may be in for serious trouble in the days ahead as operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Economic and Financial Crimes Commission, (EFCC) and the State Security Service (SSS) have laid siege to the venue of the probe panel in the National Assembly.
It was gathered that the operatives were said to be at the venue taking records of proceedings and submissions of the representatives of the agencies and companies involved in the oil subsidy regime probe.
Consequently, nearly all the managing directors and chief executive officers of the major oil companies have failed to show up before the panel. Rather, they have been sending in their cronies with claims by them that their principals were indisposed.
Irked by this development, the chairman of the panel, Honourable Farouk Lawan, directed that all the top management of the major oil importers must appear before the committee physically and not through any representatives.
He equally warned that if any of the importers failed to submit relevant documents on the petroleum products they imported during the subsidy regime, “the committee will take it that they made no importation and they will be made to refund all the money they collected from the Federal Government as subsidy.”
Those documents which must be submitted to the committee any time from now by the importers, according to Honourable Lawan, include certificates of incorporation, letters of credit, letters of allocations, bills of lading, invoices, quantities of products imported and their countries of origin, evidence of payments, among others.
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