Abuja - President Goodluck Jonathan on Thursday set up a committee to conduct a detailed review of all subsidy claims and payments made in 2011.
This is contained in a statement issued in Abuja and signed by the Special Adviser to the President on Media and Publicity, Dr Reuben Abati
Abati said the 15-member committee, which is headed by Mr Aigboje Aig-Imoukhuede, a former Group Managing Director and Chief Executive Officer of Access Bank Plc, would verify and reconcile the findings of the Technical Committee earlier set up by the Federal Ministry of Finance on the subsidy payment.
He said the move was in ``further fulfilment of the President's pledge to Nigerians that no person or organisation guilty of fuel subsidy fraud or corruption would escape justice’’.
He said the President directed the committee to begin work immediately and conclude its assignment by 5 p.m. on Friday, July 13.
Abati said the report of the committee would be a prelude to immediate action on all identified cases of fraud.
He said the President would order whatever action he deemed necessary to ensure justice and the full recovery of all fuel subsidy funds that might have been illegally paid.
The committee will also verify and reconcile all claims made in the report of the Technical Committee on Fuel Subsidy Payments.
It will properly identify all cases of over-payment or irregular payment, identify all likely fraudulent cases for criminal investigation and review any other pertinent issues that may arise from its work and make appropriate recommendations.
Other members of the committee are Abraham Nwankwo, the Director-General of Debt Management Office, Mr Bernard Otti, NNPC Group Executive Director (Finance & Accounts) and Mrs Oyinye Ahuchogu from CBN.
Also members are Mrs Sola David-Borha, the MD of Stanbic IBTC, who will be representing the banking community; Mr Mike Osatuyi, the National Secretary of IPMAN, and Mr Obafemi Olawore.
The Accountant-General of the Federation, Mr Jonah Otunla; the DG, Budget Office, Mr Bright Okogwu; the Executive Secretary, PPPRA, Mr Reginald Stanley, Mrs Aisha Waziri-Umar and Mr Jalal Arabi, are also members.
The Attorney-General of the Federation, the Inspector-General of Police and the Director-General of the State Security Service are to be represented on the committee.