Indications
have emerged that the Economic and Financial Crimes Commission may
disregard the report of the House of Representatives’ ad hoc committee
on the administration of fuel subsidy.
Investigations by our
correspondents on Wednesday also showed that the commission would soon
round off its investigations into the management of fuel subsidy without
considering the report of the ad hoc committee on the same.
A reliable source at the
commission told one of our correspondents that some of those indicted
were waiting for EFCC’s independent investigation into the management of
the subsidy before taking any action.
He said, “The commission
will soon finish its investigation. What the House has done is part of
its oversight functions. The report will not be useful in prosecuting
the culprits and EFCC has not received the report.”
The ad hoc committee, had in its report submitted on April 18, stated the subsidy administration was compromised.
It recommended that a total of N1.7bn be refunded.
It asked government
agencies, namely the Nigerian National Petroleum Corporation; Petroleum
Products Pricing and Regulatory Agency; the Office of the
Accountant-General of the Federation and 72 firms, to refund N1.7trn.
The report also
criticised the Chairman of the Board of the PPPRA from 2009 to 2011, and
other members of the board during the period for allegedly opening “the
floodgate of the (subsidy) bazaar.”
The House, at the debate
on the report on Tuesday had demanded that a former PDP National
Chairman, Dr. Ahmadu Alli, who was the chairman of the PPPRA be
prosecuted.
Ali had described the report as a pure misrepresentation of facts.
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