ADDRESS LEAKAGES IN FUEL SUBSIDY PAYMENTS-CACOL TELLS JONATHAN

The Coalition Against Corrupt Leaders (CACOL) has urged President Goodluck Jonathan to address the leakages in the subsidy payments instead of requesting for more money to finance the fraud touted fuel subsidy.

Reacting to the request of the President for additional N161.6bn to finance the subsidy payments for the remaining part of this year, the Executive Chairman of CACOL Debo Adeniran noted that the additional fund is just another avenue to feed the fuel subsidy fraud gods.

“The government has displaying high level of ineptitude and inefficiency in managing the resources of this nation. The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala had told Nigerians on October 21 that the N888.1bn allocated for subsidy payments in the 2012 budget should be enough to pay petroleum product importers and that government might not need supplementary appropriation for subsidy payments in 2012. How did the President come about the supplementary N161.6bn budget for just three weeks? That is monumental fraud! It is just another avenue to fleece our common patrimony into the pockets of the cronies of these criminals in power,”he said

Speaking further, Comrade Adeniran urged the National Assembly to reject the kangaroo budget and urged the FG, to as a matter of urgency and expediency, block every loophole in the subsidy payments before submitting any supplementary budget for fuel subsidy, which will go the way of the former ones. He also maintained that the fuel subsidy thieves should be diligently prosecuted if the masses would take the President’s war-against-corruption serious.

Abimbola Adegoke
Media Officer
18 December, 2012

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