A Review of the Nigerian Energy Industry

EFCC anxious to take action on Senate, House subsidy probe reports

17 February 2012, Sweetcrude, ABUJA – Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Lamorde says the commision is awaiting the reports of the Senate and House of Representatives probe into the nation’s fuel subsidy regime to enable it commence appropriate action on the matter.

A major part of the fuel subsidy regime that have attracted national concern is the alleged N1.3 trillion spent on fuel subsidy last year by the Federal Government.

Lamode stated this while receiving a delegation of civil society organisations led by African Network for Environment and Economic Justice (ANEEJ) in Abuja.

The EFCC boss, who maintained that the commission would be ready for partnership with any individual or group on the matter, said the reports of the two chambers of the National Assembly would act as guide to his commission in taking necessary action.

“I am aware that the House has concluded its proceedings. But we also know that the Senate probe is still ongoing. We are waiting for these two reports and we would merge their reports with the KPMG report. We are just waiting for the two chambers to conclude their investigations before we can move to the next level of our investigation. But as it were, we have gone very far,” he said.

Soliciting support from the civil society, he said: “We would welcome you at any stage to support us with any information you have, which will enrich the job we are doing. We have accepted the offer of collaboration which you initiated. We would work out the terms of collaboration”.

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