‘Indicted Oil Marketers Begin Refunds’

‘Indicted Oil Marketers Begin Refunds’

Some oil marketers indicted in fuel subsidy scam have begun payment of refund to the federal government, Anambra State Governor Peter Obi disclosed yesterday.

Briefing newsmen after the National Economic Council (NEC), Obi said the council has expressed support to the federal government’s resolve that all oil marketers involved in the scam must refund money unlawfully claimed.

The governor said “from the report we got today, some have started refunding. It is a serious case that people were paid for vessels that were not anywhere near the Nigerian waters. We support the Federal Government in their effort to clean up the entire value chain and process of Petroleum industry. They have our full support.”

The meeting presided over by Vice President Namadi Sambo also reviewed the $500million interest-free facility obtained for the control of gully erosion in the South East zone and other states affected after a joint briefing by Finance Minister, Ngozi Okonjo-Iweala and the Minister for Environment Mrs. Hadiza Ibrahim Mailafia on the Nigeria Erosion and Watershed Management Project.

Governor Obi said that the medium term soft loan with a 40 years duration and 10 years moratorium was meant to check gully erosion in the South East and other parts of the country that are affected by the environmental hazard.

The council approved a planned media tour being jointly organized by the Federal Ministry of Information and the National Planning Commission after listening to the presentation by Information Minister, Labaran Maku.

Obi explained that the tour was meant to monitor, evaluate and showcase federal and states projects across the six geo-political zones.

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