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News Update (January 10, 2012 09:39 AM...)

RMAFC member wants FG to audit fuel subsidy account

Uyo (WorldStage Newsonline)-- A board member of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) representing Akwa Ibom State, Senator Emmanuel Ibok Essien, on Tuesday, urged President Goodluck Jonathan to immediately put in place a machinery that would carry out a comprehensive audit of oil subsidy in the country.

He said the audit should seek to unravel the major actors involved in the irregularities that have crippled the oil industry as evidenced in the quantum milking of the country through the collection of oil subsidy money.

Speaking at Uyo, the state capital, while fielding questions from journalists on the controversial issue of fuel subsidy removal and security challenges caused by the activities of the Boko Haram sect, Essien said that the audit should not just end at unraveling the persons behind the cartel but that appropriate punitive measures should meted on them so that the present administration could be seen as serious in waging wars against economic saboteurs.

He condemned the ongoing nationwide strike declared by the Nigeria Labour Congress and the Trade Union Congress, describing it as an ill-wind that would blow no good to the country.

According to him, the removal of oil subsidy by President Goodluck Jonathan was for the good of the country as the proceeds generated from the policy would be ploughed back into the building of refineries as well as other key infrastructure.

The ex-Senator, therefore, called on Nigerians to see the Federal Governments policy on the removal of fuel subsidy and the sufferings resulting from it as a sacrifice that they must make for the overall development of the country.

He said one of the ways to tackle the security nightmare caused by the Boko Haram sect was for President Jonathan to look inwards for saboteurs within his government and fish them out to block their access to sensitive security information.

Story by Abel Krabee (

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