EFCC Arrests The Excutive Secretary Of PEF Over N480M Fraud

Published 8 years ago by: Daniel Bosai
[1] 2 3 4
at 01:15 PM, 12/08/2011 (8 years ago)

(16793 | Hero) Online (m)

The Economic and Financial Crimes Commission (EFCC) has arrested the Executive Secretary of the Petroleum Equalization Fund (PEF), Mrs. Adefunke Kasali over accounts linked to her with the sum of N400m, N50m and N30m respectively.



Mrs. Kasali has recently faced an uprising by workers in the agency who wrote several petitions to the EFCC alleging a pattern of corruption in which the Executive Secretary used proxies to set up shell companies to which she doled out contracts from the PEF.

One of the petitions accused Mrs. Kasali of forcing oil marketers into making donations to Diamond Lights Women Empowerment Association, a faith-based NGO she founded in 2005.

Mrs. Kasali, who runs an NGO named Diamonds Lights Women Empowerment Initiative, was alleged to be using the organisation as front to receive settlements from petroleum product marketers who are known to be feeding fat on PEF.

Petroleum Equalisation Fund (Management) Board is a parastatal of the Ministry of Petroleum Resources established by Decree No.9 of 1975 (as amended by Decree No. 32 of 1989 ), mainly to administer uniform prices of petroleum products throughout the country.

This is achieved by reimbursing a marketer’s transportation differentials for petroleum products movement from depots to their sales outlets (filling stations), in order to ensure that products are sold at uniform pump price throughout the country.

The source of the Fund is from principally the net surplus revenue recovered from oil marketing companies.

Part of the allegations contained in the petition which may have been written by some aggrieved staff of PEF, include an alleged lodgment of about N25m in one of Mrs. Kasali’s accounts in an undisclosed first generation bank.

Spokesman to the anti-graft agency, Mr. Femi Babafemi confirmed that Mrs. Kasali is still undergoing interrogation but declined to give details on the allegations against her as well the findings of the agency from preliminary investigations conducted so far.

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divineproject at 01:30 PM, 12/08/2011 (8 years ago)
(12699 | Hero) (f)

We hope this wont be swept under the carpet ooo.......becos the carpet don too dirty self, it needs cleaning

Reply
rolifaith at 06:14 PM, 12/08/2011 (8 years ago)
(669 | Upcoming) (f)

HUMMMMMM
Reply
toibeli at 06:20 PM, 12/08/2011 (8 years ago)
(4386 | Gistmaniac) (m)

If she did the crime, I hope and really hope, they will let her do the time, after paying back every kobo.
Reply
Unlimitedd at 06:54 PM, 12/08/2011 (8 years ago)
(273 | Upcoming) (m)

She's quite beautiful with bad motives

Reply
monday3 at 07:10 PM, 12/08/2011 (8 years ago)
(814 | Upcoming) (m)

if her bring the money ,where the money is going to?
Reply
HOPEA23 at 08:08 PM, 12/08/2011 (8 years ago)
(22360 | Addicted Hero) (f)

God don dey catch dem one by one

Reply
livingday at 08:30 PM, 12/08/2011 (8 years ago)
(1717 | Gistmaniac) (m)

A thieving wife, rubbish. She must account for every kobo and face hard labour if found guilty.
Reply
reymondokeze at 08:56 PM, 12/08/2011 (8 years ago)
(256 | Upcoming) (m)

ole buruku. u must vomit all the money, there is a place reserve for people like u in hell and that is were u belongs. Theif.
Reply
reymondokeze at 08:56 PM, 12/08/2011 (8 years ago)
(256 | Upcoming) (m)

ole buruku. u must vomit all the money, there is a place reserve for people like u in hell and that is were u belongs. Theif.
Reply
Emmagency9 at 09:02 PM, 12/08/2011 (8 years ago)
(2540 | Gistmaniac) (m)

Okay

Reply
derbi at 09:04 PM, 12/08/2011 (8 years ago)
(1778 | Gistmaniac) (m)

EFCC what about the first lady? million millions shells, or  are they fake news ?...
Reply
bafyguy at 09:08 PM, 12/08/2011 (8 years ago)
(1021 | Gistmaniac) (m)

That money too much for the woman ooooo. Make dem put her 4 jail.
Reply
Emmagency9 at 09:10 PM, 12/08/2011 (8 years ago)
(2540 | Gistmaniac) (m)

So what should I do?

Reply
Teganto at 10:19 PM, 12/08/2011 (8 years ago)
(221 | Upcoming) (m)

dm go set her fri. No b 9ija we dy?
Reply
Teganto at 10:21 PM, 12/08/2011 (8 years ago)
(221 | Upcoming) (m)

she iz d smallez fish among d fishes. Wtf
Reply
sugaDaddy1forU at 10:45 PM, 12/08/2011 (8 years ago)
(3516 | Gistmaniac) (m)

WOW, ONLY IN NIGERIA, WHO DO U TRUST......THE ONLY TRUE WISDOM IS IN KNOWING U KNOW NOTHING...DO THE RIGHT THING, JUST BE GREAT IN ACT, AS U HAVE BEEN IN THOUGHT......

Reply
donspirado88 at 10:50 PM, 12/08/2011 (8 years ago)
(490 | Upcoming) (m)

Kai!!! Shocked Shocked Shocked... Ole Buruku! Dey don catch you
Reply
bali4real at 10:54 PM, 12/08/2011 (8 years ago)
(1212 | Gistmaniac) (m)

incredible! Shocked
Reply
nameseeam at 10:59 PM, 12/08/2011 (8 years ago)
(9 | Newbie) (m)

nametalkam
WHERE U FROM THEY SEE ALL THIS NEWS
Reply
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