230 Billion Oil Scam: Ex-Head of State and Serving Minister Indicted.

Former Head of State General Abdusalam Abubakar (rtd) is battling to escape possible trial after been in indicted in the report based on the House Of Rep. Ad-Hoc committee on Fuel Susidy as well as a serving Minister Mrs Stella Oduah Ogiewonyi. Shes under pressure to resign from the cabinet following her company's indicted in the fuel subsidy indictment.
Its speculated that her company Sea Petroleum and Gas Company Limited which collected a whooping N230,184 Billion on Premium Motor Spirit which was not supplied by SPG.
Sources at the Coporate Affairs Commission say that Stella owns 1,999,000,000 out of the two billion shares owned by three other directors. The former HOS state is a director in Maizube Petroluem Limited, Abubakar hols 600,000 shares in the company registered in 2003 and has a 1million share capital. Maizube has two other directors. Copies of the report have been sent to the EFCC and SSS.



Stella Oduah.                             Abudulsalam Abubakar
However was gathered that the president is under pressure to relieve Ms Oduah of her post to protect the integrity of his administration. All efforts are been made by the indicted individuals to stifle the reports so it doesn't go public. WE SHALL SEE.  


Culled from the daily post.