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Jonathan sets up subsidy review panel

Published by Daily Trust on Sun, 08 Jul 2012


President Goodluck Jonathan yesterday mandated another technical committee to verify and reconcile the findings of the Technical Committee set up by the Federal Ministry of Finance to conduct a detailed review of all subsidy claims and payments made in 2011.Jonathan directed the 15-member committee headed by Mr. Aigboje Aig-Imoukhuede to begin work immediately and conclude its assignment by 1700 hours on Friday, July 13 as a prelude to immediate action on all identified cases of fraud.A statement by Jonathan's spokesman Reuben Abati said the move is in line with the president's commitment to ensure that those found culpable in the subsidy regime face the full wrath of the law.Other members of the new committee are: Dr. Abraham Nwankwo (DG DMO), Mr. Bernard Otti (GED Finance & Accounts, NNPC), Mrs. Oyinye Ahuchogu (CBN), Mrs. Sola David-Borha (MD Stanbic/IBTC, representing the Banking Community), Mr. Mike Osatuyi (National Secretary, IPMAN), Mr. Obafemi Olawore, Mr. Jonah Otunla (Accountant-General of the Federation), Mr. Bright Okogwu (DG, Budget Office), Mr. Reginald Stanley (Executive Secretary, PPPRA), Mrs. Aisha Waziri-Umar and Mr. Jalal Arabi.The Attorney-General of the Federation, the Inspector-General of Police and the Director-General of the State Security Service will also be represented on the Committee.The statement said the terms of reference to the committee are; 'To further verify and reconcile all claims made in the report of the Technical Committee on Fuel Subsidy Payments; To properly identify all cases of overpayment and/or irregular payment; To accurately identify all likely fraudulent cases for criminal investigation and to review any other pertinent issues that may arise from its work and make appropriate recommendations.
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