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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Posted: at 12-08-2011 01:15 PM (13 years ago) | Addicted Hero
divineproject at 12-08-2011 01:30 PM (13 years ago) (f)
We hope this wont be swept under the carpet ooo.......becos the carpet don too dirty self, it needs cleaning
A LITTLE HELP HERE; A LITTLE HELP THERE, MAKES THE WORLD GO ROUND!
Posted: at 12-08-2011 01:30 PM (13 years ago) | Hero
sugaDaddy1forU at 12-08-2011 10:45 PM (13 years ago) (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......
P.S DON'T HATE ME BCOZ OF WHAT COMES OUT OF MY MOUTH, I DON'T GIVE A SHIT ABOUT MYSELF, SO phyukOFF..
Posted: at 12-08-2011 10:45 PM (13 years ago) | Gistmaniac
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