Browsing Tag

Oil Subsidy

Petrol subsidy rises by N58.6bn in one month

Malik Dauda Oct 23, 2019 0

Further findings from the July 2019 financial report showed that the N89.2bn subsidy spending in April was the third highest amount spent by the oil firm in one month since January 2019.
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After three years trial, Court jails Ontario Oil MD 10 years over oil subsidy fraud, orders refund…

Funmi Akinbolu Jan 26, 2017 0

Justice Lateefa Okunnu of the Lagos State High Court in Ikeja on Thursday sentenced the Managing Director of Ontario Oil and Gas Limited, Mrs. Ada Ugo-Ngali, to a jail term of 10 years for a fuel subsidy fraud of N754m. The judge ordered…
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