Subsidy probe: House to approve panel’s recommendations

Date: 2012-04-23

The House of Representatives will approve the recommendations of the fuel subsidy probe panel this week, the Chairman of the Committee on Judiciary, Ali Ahmad, has said.

A member of the Ad-hoc Committee on Fuel Subsidy said some governors and ministers are involved in the oil subsidy scam.

Ahmad told reporters at the weekend in Ilorin, Kwara State, that there was a plot to impeach the Speaker,  Aminu Tambuwal.

He said the people were not happy with the Speaker's decision not to intervene in the fuel subsidy committee's assignment. 

The lawmaker, who represents Ilorin East and Ilorin South, advised the Federal Government against delaying the implementation of the report. 

Ahmad said: "We learnt some of them (oil cabal) have started mobilising against Tambuwal to impeach him because they have seen that he didn't disturb us throughout the probe. 

"And Tambuwal said the report will be debated live so that there is nothing hidden.

"Remove Tambuwal or not, the House and Nigeria remain the same. Even Tambuwal is unremovable. You know he was not elected from outside. He is from inside." 

"The oil business is like a secret society thing. If you don't belong, you don't belong. Oil industry is so small, but so powerful. 

"I'm even surprised I haven't started seeing advertorials here and there. They have lots of money and  nothing to do with it,"he said.

Ahmad said the implementation of the report would bring about standardisation in the prices of petroleum products.

"Petroleum products should not be N60 today, N80 tomorrow by one government and another government comes with N100 or N140. 

"We could achieve standard price on petroleum and that's what this report is all about."

He alerted Nigerians on the plan by Federal Government to increase money spent on oil subsidy before the end of the year.

 "The Federal Government doesn't need to spend N888 billion in the budget for oil subsidy this year. 

Central Bank of Nigeria (CBN) Governor Sanusi Lamido has said even the N888 billion will not be sufficient. They've started and Nigerians should wake up. We are just in April and Lamido is saying that. So, it means we might see another one trillion or two trillion before the end of 2012."

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