Monday, August 20, 2012

EXCLUSIVE: Nigeria’s biggest oil fraudsters; the worst subsidy scam ever

EXCLUSIVE: Nigeria’s biggest oil fraudsters; the worst subsidy scam ever

DON'T CRY FOR ME ARGENTINA: MY FATHER HAS INFLUENCE & MY UNCLE TOO!

Another sad day in Nigerian history: we are yet to hear the worst about the petroleum subsidy scam. This story and events that you are about to read will make you mad, cry for Nigeria, or want to start a revolution. But wait, the fact remains, the people involved are not those you would ordinarily think of going after in the event of any revolution. They are not political leaders we love to hate. From all indications and in light of what we have seen so far about the subsidy scam, one cannot help, but conclude that it was simply an organized crime professionally perpetrated by Nigerians who share the same political and business connections. They are the children and blood relations of leaders of our political parties.

We must not fail to applaud Mr. Aigboje Aig-Imoukhuede and his Technical Committee for a thorough investigation. I am in total support of his recommendation - demanding a total refund of the money the scammers received from the NNPC and PPPRA for oil and gas that they didn't supply. I consider it a smart move because litigating recovery via criminal prosecution of the culprits might not yield a result that would benefit the nation given the non-reliability of our judiciary in similar cases.  If at all, it serves a better national purpose to go after the fruits of the crime first before prosecuting the offenders for crime against the state. I have always been in support of Civil Asset Forfeiture Law because it saves time and money. And above all, the outcome is more predictable.

The Technical Committee did the job as defined by President Jonathan. They have shown with facts and figures - proof beyond reasonable doubt - that the offenders cooked up papers and went before a constituted authority to collect money knowing full well that they did not supply oil or kerosene to NNPC. The proof is very glaring for the whole World to see: if you claim, for instance, that you did supply oil to NNPC, using Ship YMJ  at Lagos Terminal on 10/10/2010, and on 10/10/2010, Ship YMJ was in Singapore and could not have been at Lagos Terminal, then you lied. In a similar vein, if Ship YMJ that you alleged to have used does not exist at all, invariably, you lied. This is 419 against the people and government of Nigeria. They were very conscious of what they were doing. They knew very well that it is unlawful to defraud the State. They simply did not care. These guys should be in handcuffs and paraded before Nigerians and the World to see. 


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