N230b Oil Scam: Ex-Head of State, serving Minister indicted, seek refuge in Aso Rock

23 Jul

A former Head of State, General Abdusallam Abubakar [rtd] is now battling to escape possible trials after being indicted by the Report of House of Representatives Ad Hoc Committee on Fuel Subsidy just as a serving minister in President Goodluck’s Jonathan administration, Princess Stella Adaeze Oduah is under pressure to resign from the cabinet following the indictment of her oil firm by the committee.

“Daily Post” gathered from competent sources that Oduah who is the Federal Minister for Aviation is a major shareholder of one of the indicted oil companies, Sea Petroleum and Gas Company Limited [SPG] which jointly collected a whooping sum of N230,184 billion on Premium Motor Spirit [PMS] volume of 3,262,960225, liters but which was not supplied SPG, sources said was registered on May 3rd, 1998 “to carry on the business of licensed bunkering of petroleum and other mineral oil in all its branches”. SPG’s registration number is 221250 while it has three other Directors apart from Stella Oduah, Erotomi Buwa and Elizabeth Stewart.

Sources at the Corporate Affairs Commission [CAC] further disclosed that Oduah owns 1,999,000,000 out of the two billion shares are being held by the three other directors.

Also, the former Head of State, Genera Abubakar [Rtd] who is the major shareholder in Maizube Petroleum Limited is indicted with the report.

Abubakar holds 600,000 shares in the company registered in 2003 with a one million share capital. Maizube has two other Directors namely Abubakar Isah and Abubakar Aminu.

It was gathered that the leadership of the House of Representatives is desperately pushing for the implementation of the committee report and has allegedly sent copies of the report to the presidency, Economic and Financial Crimes Commission [EFCC], Police and State Security Services [SSS]..

However, it was further gathered that the President is under pressure from his advisers to relieve the Aviation Minister, Stella Oduah of her appointment in order to protect the integrity of his administration.

Sources disclosed that Jonathan is worried by the involvement of the minister and influential Nigerians in the Oil subsidy scandals, which according to the sources had brought panic to the President’s mind on how to dismiss the Minister.

The sources added that the indicted Head of State is buzzing all contracts to forestall the implementation of the oil subsidy report; the powerful Nigerians have allegedly reached out to the Presidency pleading that the action be withheld on the committee’s report on the basis that the committee was vindictive and not thorough in its investigation.

Abubakar have also allegedly reached out to friends in the House of Representatives and those from his state and the six geopolitical zones to block the committee’s report at publicizing the report until they find away to obviate their purported indictment.


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Posted by on July 23, 2012 in Uncategorized


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