The former Chairman of the Economic and Financial Crimes Commission, Malam Nuhu Ribadu, on Tuesday boasted that he will fish out the petroleum subsidy thieves within one week if given the task by the Federal Government.
He blamed the Petroleum Products Pricing Regulatory Agency for all the atrocities perpetrated in the management of the fund, saying the agency released the funds and did not account for it.
He submitted that as an intelligence chief he would simply check their letters of credit and bill of landing to bring all those who benefited from the subsidy to justice.
Ribadu, who spoke at the Nigeria Electricity Regulatory Commission in Abuja, said all the regulatory irregularities in Nigeria are due to "leadership failure."
His words: "Look at the energy sector and see what we are talking about. Most of the problems we are talking about today are failure of regulation or regulators including the subsidy. If PPPRA had lived up to expectations we would not be having these problems. Nobody will take one penny from government if those agencies did not allow them.
"If I was to handle this subsidy I will just catch PPPRA. I will bring out each one of them and in one week I will get the people responsible because the gate keeper is the one in charge.
"I will just get them because nobody will make one penny from the subsidy unless PPPRA allows it. For every single person that benefited from subsidy I can assure you public officers gained three times," Ribadu stated.
He added that the NERC Chairman, Dr. Sam Amadi, needs "courage" to carry out the reform in the power sector.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
Home
Unlabelled
I will catch Subsidy Thieves in one week.- Ribadu
I will catch Subsidy Thieves in one week.- Ribadu
NigerianEye
-
Wednesday, July 11, 2012
Subscribe to:
Post Comments
(
Atom
)
Who told you that PDP (Govt of the day)is interested in catching the oil subsidy thieves?
ReplyDeleteWho is the thief and who are the beneficiaries? is it not thesame ppl n power that are using their cronnies to milk the nation dry? If you catch and deal with them, who will fund 2015 election for PDP? They are only making lip service to it all. All of them na thief.
Ribadu, shut up,,,all there happened while you were in office...
ReplyDeleteWhats happening to u, Ribadu? U need agbo iba.
ReplyDeleteNTA NEWS
ReplyDeleteAre you advertising yourself?
ReplyDeleteMalam you know they wont give you the chance,so why are you bluffing.
ReplyDeleteIt is rather unfortunate that those of you who are castigating and criticizing will end up failures if you are allowed to join them like Ruben Abati.
ReplyDelete