THE Senate ad-hoc Committee on
Subsidy Reinvestment and Empowerment
Programme, SURE-P, yesterday, raised alarm
that N500 billion realised from the subsidy
programme of the Federal Government was
missing. The committee said the amount was part of the
N800 billion said to have been realised between
January 2012 and September 2013 from the 25
billion litres of petroleum sold by the Nigerian
National Petroleum Corporation, NNPC, within
the period. Infuriated by the develop-ment, the Senate
Special Committee threatened that it may
recommend the scra-pping of SURE-P, which it
noted, had become a drain pipe.
It further frowned at the alleged lack of
transparency and accountability in the
management of the programme, a
development, it said, was contrary to the
original concept of SURE-P. The Senator Abdul Ningi-led Senate Ad-hoc
Committee on SURE-P, decried alleged
nonchalant attitude and lack of respect for
constituted authority by the Minister of
Petroleum Resources, Diezani Alison-Madueke;
Governor of Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi and the Group Managing
Director of NNPC, Andrew Yakubu, for
snubbing its invitation to appear before it and
explain certain issues. The committee equally stated that going by
available records, about N300 billion had been
released to SURE-P, while only N207 billion was
spent without proper accounting for the
balance of N 93 billion. Chairman of the committee, Senator Ningi,
said: “Today, again, we sat here glued to our
sits for over one hour, awaiting the arrival of
the officials of NNPC or their agents and the
Central Bank or their agents. “As we speak, we sent letters of invitation to
both agencies, which were duly acknowledged. “I have been a member of the National
Assembly right from inception and I have never
seen this kind of impunity and disregard for
constituted authority.”
Subsidy Reinvestment and Empowerment
Programme, SURE-P, yesterday, raised alarm
that N500 billion realised from the subsidy
programme of the Federal Government was
missing. The committee said the amount was part of the
N800 billion said to have been realised between
January 2012 and September 2013 from the 25
billion litres of petroleum sold by the Nigerian
National Petroleum Corporation, NNPC, within
the period. Infuriated by the develop-ment, the Senate
Special Committee threatened that it may
recommend the scra-pping of SURE-P, which it
noted, had become a drain pipe.
It further frowned at the alleged lack of
transparency and accountability in the
management of the programme, a
development, it said, was contrary to the
original concept of SURE-P. The Senator Abdul Ningi-led Senate Ad-hoc
Committee on SURE-P, decried alleged
nonchalant attitude and lack of respect for
constituted authority by the Minister of
Petroleum Resources, Diezani Alison-Madueke;
Governor of Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi and the Group Managing
Director of NNPC, Andrew Yakubu, for
snubbing its invitation to appear before it and
explain certain issues. The committee equally stated that going by
available records, about N300 billion had been
released to SURE-P, while only N207 billion was
spent without proper accounting for the
balance of N 93 billion. Chairman of the committee, Senator Ningi,
said: “Today, again, we sat here glued to our
sits for over one hour, awaiting the arrival of
the officials of NNPC or their agents and the
Central Bank or their agents. “As we speak, we sent letters of invitation to
both agencies, which were duly acknowledged. “I have been a member of the National
Assembly right from inception and I have never
seen this kind of impunity and disregard for
constituted authority.”
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