Oil Thieves Fight Aig – Imoukhuede Over Subsidy Reports

The powerful oil marketers in the country who have been indicted in the report of the House of Reps Ad-Hoc Committee probe panel on the fuel subsidy management are really fighting hard to discredit the report.

After falling into a USD3 Million bribe trap which has messed up his image, Hon. Farouk Lawan , the suspended Chairman of the House of Reps Ad-Hoc Committee probe panel left a room for observers and some industry players to question the credibility of the probe exercise. Click read more to continue reading, with documents attached below.

But President Jonathan’s desire to clean up the oil sector and expose the fraudsters in the industry made him to set up a Presidential Committee to verify and reconcile petroleum subsidy payments. The presidential committee is headed by the Group Managing Director of Access Bank Plc, Mr Aigboje Aig – Imoukhuede.

According to information reaching us, Mr Imoukhuede submitted his findings to President Goodluck Jonathan few days ago. Our sources in the Presidency told us that the outcome of the report is mind boggling as it exposed a lot of powerful and influential oil businessmen in the country that collected millions of dollars to import petroleum products without delivering a litre of the products.

The source revealed that the President immediately directed the Attorney General of the Federation, Muhammed Adoke and the Acting Chairman of the Economic Crimes and Financial Commission (EFCC) to arrest and prosecute the oil subsidy rogues.

Emboldened by the President’s directive, on Sunday, July 8, 2012, the Anthoney General told the media that the oil subsidy thieves will face the full wrath of the law.

Investigations however shows that the members of the oil subsidy cabal are now jittery, as we gathered that some of them are planning to flee the country. But eagle eye operatives of the EFCC are said to be monitoring the oil thieves indicted in the Aig – Imoukhuede’s report and will soon be clamped into detention centers.

But the oil subsidy cabal will not surrender easily and they have plotted to fight back.

The strategy they employed is to discredit the Aig – Imoukhuede’s report by fabricating and concocting stories for the media, so that the public opinion will sway against the report.

Three days ago, the media, especially the on-line media and some social networking sites reported that Mr Aig – Imoukhuede’s owns a company called Ice Energy and Petroleum Trading Company Limited with its office at Lake Chad Crescent, Maitama, Abuja. It was alleged that Ice Energy Petroleum Trading Company Limited collected USD2, 131,166.32 (N345. 3 m) in 2011 and did not import petroleum products.

The news took many by surprise and wondered why Aig – Imoukhuede could be allowed to head a Presidential Committee when ‘his own oil company’ is also ‘guilty’ of the offence he is expected to make recommendations.

But facts and documents obtained by us have shown that the Access Bank MD has nothing to do with the oil company and that the oil company was even wrongly included in the Farouk Lawan’s report without any just cause in the first instance.