Debt Management Office has reopened the case of fuel subsidy fraud leveled against Capital Oil and Gas Industries Limited. DMO also called on the police to clarify issues on all transactions, petition by the Presidential Committee on Verification and Reconciliation of Fuel Subsidy claims.
DMO, in a letter dated March 25, 2013, called on the police through the Special Fraud Unit to clarify an alleged discrepancy in the figures quoted in the report
The PUNCH gathered that as a result of the letter, the police might be compelled to re-invite the chairman of the company, Ifeanyi Uba, for further investigation.
It was learnt that the letter might not be unconnected with the recent media reports that the police had exonerated the company of any fraud in the fuel importation and subsidy payment
According to the letter from DMO, the Presidential Committee on the Verification and Reconciliation of Fuel Subsidy claims recommended investigations on 26 transactions totaling N43bn
The DMO however expressed surprise at the police reports on allegations of fraud against Capital Oil, when it stated in part that, “But your investigations report indicated that the said oil marketer was cleared of only 13 transactions worth N24bn.”
The DMO therefore called on the Commissioner of Police in charge of the SFU, Tunde Ogunsakin, to further investigate the Capital Oil boss on the remaining 13 transactions, which were left out of the 26 presented by the presidential committee
The DMO also wants the police to confirm the difference in the worth of the transactions and the value at which Capital Oil was cleared
The office also called on the police to clarify if the Presidential Committee on Verification and Reconciliation of Fuel Subsidy claims actually forwarded only 13 transactions to the police for investigation
“In the light of the aforesaid, the CP may wish to kindly confirm to the CME (Coordinating Minister of the Economy), the following :that only the said 13 transactions were forwarded to you for investigations by the committee,” the letter from DMO read.
Efforts to speak with the CP in charge of SFU were futile as calls to his mobile phones did not go through on Sunday.
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