The Nation Newspaper

Category: Energy

  • Fed Govt to bridge gas supply, demand gap

    •Invests $500m yearly in pipeline

    The Federal Government has begun the implementation of the strategic plans to close the gap between gas supply and demand by end of next year.

    Gas demand exceeds supply,  causing a gross shortfall in  power generation. At least 50 per cent of Nigeria’s power generating facilities or stations are thermal which use gas.

    Due to lack of gas, majority of gas-powered stations have been idle over the years while those working operate at sub-optimal levels.

    To solve the problem, the government has identified some salient issues, which should be quickly addressed. They include the extension of gas pipeline network to power stations that depend on gas but do not get supply, making the price of natural gas competitive to attract investors to the sector and paying the outstanding $283.6 million owed gas suppliers to encourage them to meet their supply obligations.

    The Group Executive Director, Power and Gas, Nigeria National Petroleum Corporation (NNPC), Dr. David Ige, said the government spends an average of $500 million yearly on pipeline expansion. He also said the outstanding debts to gas suppliers is a disincentive to investors, adding that the Central Bank of Nigeria (CBN) is addressing the problem.

    He explained that the government was also addressing the gas- to-power price by bringing the gas price template to a global competitive level, to attract more investors into the sector and encourage the suppliers to be more committed.

    He expressed confidence that, by end of this year, the volume of power that would be wheeled to the national grid will be in excess of 5000 megawatts (MW). By the end of next year, the government will close the gap between gas demand and supply.

    Some of the gas pipeline projects include the expansion of the Escravos-Lagos to two billion standard cubic feet per day of gas (bscf/d) capacity from over 800  mmscf/d. He said the Escravos-Lagos pipeline system, one of the backbone infrastructure, is in progress. The pipeline feeds most of the power plants.

    Ige said work on the Obiafu-Obrikom-Oben 120 kilometres line project was on and the government aimed to complete it in 2016. The pipeline will connect the Obiafu/Obrikom field and gas recycling plant in Rivers State to the Oben field in Edo State.

    “We want to complete and inaugurate the 100 mmscf/d Oredo, the Pan Ocean’s gas supply project designed to use spare capacity in the Ovade gas plant, and continue the extension to the North and East via the Akwa-Ibom-Enugu-Ajaokuta-Kano back bone gas pipeline project using the International Finance Corporation (IFC) loan Eurobonds and private funds.

    “We have also commenced work on the Trans-Nigerian Gas pipeline project  to bring natural gas to Eastern and northern regions by 2018. The pipeline is estimated at 1,200 kilometres of pipeline,” he said.

  • GMoU: Chevron completes $83m community projects

    Chevron Nigeria Limited (CNL) has completed 258 community projects worth $83 million (about N12.8 billion) in the Niger Delta through its Global Memorandum of Understanding (GMoU), its General Manager, Policy, Government and Public Affairs, Deji Haastrup, has said.

    Speaking on the impact of the GMoU since its inception in 2005, he said the initiative had been achieving its objectives.

    He said the memorandum replaced the old one which allowed the oil giant to have direct dealings with communities in its operational areas; initiate and meet the communities’ development needs.

    But the old MoU didn’t allow the communities’participation. It excluded them from ownership of the assets, which led to undue dependence on the oil firms.

    However, he said the GMoU is patterned in a way that the communities take the drivers’ seat in deciding the projects they want implemented.

    To make the  GMoU effective, the Chevron joint venture divided the Niger Delta where it operates into eight regional development committees (RDCs), which represent the various community development groups. The RDCs include Egbema-Gbaramatu Central Development Foundation (Delta State), Itsekiri Regional Development Committee (Delta State), Ilaje Regional Development Foundation (Ondo), Dodo River Regional Development Committee (Bayelsa), Keffes Regional Development Committee (Bayelsa State), Kula Regional Development Foundation (Rivers State), Idama Regional Development Foundation (Rivers State), and Jisike Regional Development Foundation (Imo State).

    As a result of the success of the GMoU, many of the oil producing communities insist on the adoption of the initiative by oil firms.

    Haastrup said: “The company in 2005 pioneered the new social performance strategy to support the socio-economic development of communities around our areas of operation. The strategy, called the GMoU, is hinged on tripartite agreement with community development organisations known as Regional Development Committees (RDCs), NNPC/Chevron Joint Venture and the  governments in the five states where we operate in the Niger Delta.

    “Under the GMoU, the communities through the RDCs identify and select the projects they want and use the funds provided by CNL for the execution of the projects. The GMoU has brought significant infrastructure and non-infrastructure development to the communities.

    “By the end of 2012, CNL had renegotiated the third round of agreements with the RDCs. At the end of 2013, a total of 258 projects worth about $83 million had been completed and inaugurated in RDC communities through the GMoU. These projects cut across education, health and sanitation, economic empowerment, capacity building and transportation.”

    The objectives of the GMoU include encouragement of participatory partnerships among communities, development organisations and governments at various levels, to build community capacity and ownership through high impact and sustainable community development projects that promote social and economic growth, cultivate transparency and accountability into the governance of projects and programmes, promote a safe and secure environment, among others.

  • ‘Expedite action on PIB’

    THE Federal Government should expedite action on the   Petroleum Industry Bill (PIB) to attract more investors into the sector, experts have advised.

    They spoke against the backdrop of the passage into law of the equivalent of Nigeria’s long-delayed Petroleum Industry Bill (PIB) in Mozambique and Mexico,

    Mozambique’s lawmakers okayed petroleum laws that would pave the way for new oil bids, as well as provide a special tax break for offshore fields operated by Anadarko Petroleum Corporation and Italian oil major Eni, while Mexico has passed an energy reform bill that promises to lure investment into its oil and gas industry.

    Besides, large discoveries in East Africa are presenting new opportunities for investors, as well as increasing competition in the continent.

    The experts, which include the President, International Association of Energy Economics (IAEE), Wunmi Iledare, an energy analyst and member of Petroleum Accountant Societies (COPAS) of United States, Bala Zakar, and Managing Director/ Chief Executive officer, Total Exploration and Production, Nigeria, Elizabeth Proust, said the development has brought to the fore the seriousness with which the oil and gas producing countries are positioning themselves for growth.

    Iledare said Nigeria had to wake up to its responsibility of attracting investments into the industry, citing Mozambique, Mexico and other oil producing countries.

    He said structures that support investment is lacking in the sector, and urged the government to create an environment that would make investors to invest in Nigeria.

    He said: “The resources to develop are there, especially natural gas.

  • Nigeria loses 759,000 litres of petroleum products to vandalism

    Nigeria has lost over 759,000 litres of petroleum products to pipeline vandalism in four years ( 2009 to 2012), the Managing Director, Pipeline Products Marketing Company(PPMC), Haruna Momoh, has said.

    At a conference in Lagos, Momoh said 712,779 litres of petrol, 9,548 litres of kerosene and 37,054 litres of diesel were lost during the period.

    Giving a breakdown, he said  175,425 litres of fuel were lost in 2009, 161,174 (2010), 187,192 (2011) and 188,985 litres in 2012, while 18,044 litres, 685 litres and 18,325 litres  of diesel were lost in 2010, 2011 and 2012. He added that in 2010, 2,099 litres of kerosene were lost and 7,449 litres in 2011.

    He said the country bore the costs of repairs and security, among others.

    A Lagos Zonal Trustee, Independent Marketers Branch (IMB) of the National Union of Petroleum and Natural Gas (NUPENG),  Kofo Oladehinde, said vandalism was a problem in the sector, adding that it aws affecting downstream operations.

    Oladehinde said operators across the distribution value chain were affected by the activities of the vandals.  He said: “Atlas Cove is a big oil installation that supplies petroleum products to many depots. From Atlas Cove are pipelines linking depots together. These pipelines pass through villages and people go to those villages to break them. Whenever  people break the pipelines, they disrupt operations of the depots and the downstream operators that sell fuel to consumers.  The cost implication is high to the government, the depots and other stakeholders.”

    Also, the Managing Director, Niger Delta Petroleum Development Company, Layi Fatona, said  pipeline vandalism has devastating effects on the economy.

    Fatona said pipelines transporting crude and refined petroleum products were vandalised at will, adding that the perpetrators are unmindful of the costs to the economy.

    ‘’Pipeline vandalism can be likened to the dreaded disease called Ebola, which the country is battling to contain.As a small indigenous oil and gas producing  company, we produce oil and pass it through the pipe to Bonny in Rivers State. It is not all the pipelines that are owned by the company. A majority of the pipelines are owned by the Shell Petroleum Development Company (SPDC) in partnership with the Nigerian National Petroluem Corporation (NNPC).

    ‘’Whenever there is a problem, it affects the entire system. Last year, we  shut our operations for more than one third of the year. Imagine, a whole of Nigerian production system being shut for a third of the year, automatically that is a third of the revenue, and then, you come into environmental degradation, unnecessary cost to repair is quite higher. it is a scourge.’’

    Fatona said people vandalise pipelines and steal the crude oil for sale, adding that there is a big market for  the product outside the country.

    ‘’We know there is a ready-made international market for crude oil stolen through various methods in Nigeria. But the questions are: ‘Who are the buyers? Who are the people supporting those that engage in crude oil theft or pipeline vandalism?’ We all need to provide solutions to these problems if the sector must move forward,’’ he said.

  • Lagos takes LPG awareness campaign to Alimosho

    Lagos takes LPG awareness campaign to Alimosho

    TO deepen grassroots consumption of Liquefied Petroleum Gas (LPG) in Lagos State,  the state’s Ministry of Energy and Mineral Resources, has taken the ‘use of cooking gas’ campaign tagged, “Eko Gas” to residents of Alimosho Local Government Area, where the Eko Gas cylinders and accessories were distributed free to the people.

    The Permanent Secretary,  Ministry of Energy and Mineral Resources, Mrs. Regina Iyabo Obasa, said the state government was determined to ensure that Lagosians imbibe the use of LPG because of its  advantages.

    She said the state government introduced Eko Gas scheme as a domestic fuel of choice for Lagosians  to reduce carbon emissions from the use of firewood and kerosene and because it is cleaner, healthier, safe, more efficient and convenient to use for cooking.

    She said: ‘’Lagos State Government is set to introduce one million gas cylinders to Lagos homes in the next five years to make the use of LPG a success. This exercise of sensitising and distributing free Eko Gas stove cylinders to Lagosians has been undertaken in Isolo LCDA, Eredo LCDA, and Badagry Central LCDA.”

    She said the state in conjunction with the Lagos Chamber of Commerce and Industry had mapped out plans to sensitise and distribute Eko gas cylinders with full accessories to other LGA/LCDA every week till the end of year.

    The representative of the President of the Lagos Chamber of Commerce and Industry, Mr. Adewuyi Makinde, enjoined Lagosians and residents of Alimosho to embrace the use of a cleaner fuel for cooking. He said LPG popularly called cooking gas is the cleanest and most efficient fuel available. He reiterated the determination of the chamber to partner with Lagos State Government in safeguarding the environment against hazardous substances emitted while cooking with charcoal, firewood and kerosene.

    The Chairman, Local Council Development Area, Israel Olusola Adekunle, represented by the Head, Human Resources, Mr. Oluwo Ojo, said the  initiative was part of the dividends of democracy. He reiterated the importance of switching to  LPG.

    Present at the event were notable politicians, clerics, market women and leaders, youths and leaders, council workers and community leaders.

    Free cylinders and accessories were presented to residents of the locality, including former NULGE National Deputy President, Alhaji Arashi Omikunle and some food vendors.

  • How to tackle oil theft, pipeline vandalism, by stakeholders

    How to tackle oil theft, pipeline vandalism, by stakeholders

    Stakeholders have called for an end to oil theft. This was at the yearly conference of the National Association of Energy Correspondents (NAEC) held in Lagos last week. Assistant Editor Emeka Ugwuanyi and Akinola Ajibade report.

    Nigeria is  losing about 400,000  barrels per day to oil theft and pipeline vandalism.

    And the figure could go up, if the menace is not tackled, the Special Adviser to the President on Niger Delta and Chairman Presidential Amnesty Programme, Kingsley Kuku, has said.

    Kuku spoke at the just-held yearly conference of the National Association of Energy Correspondents (NAEC) in Lagos.

    He said in some communities, oil theft has outstripped fishing and farming. It is damaging and supplanting legitimate economic activities, he said.

    The Joint Task Force (JTF) Commander, Maj-Gen Emmanuel Atuwe and Managing Director/Chief Executive Officer of Energia Limited, Mr. Felix Amieyeofori, painted gory pictures of the sector and proffered solution toi the problems.

    According to Atuwe, there is need for more collaboration among security agencies. Refineries and filling stations, he said,  should be built in the riverine areas to give them sense of belonging because they host oil. He  noted that there is need for every kilometre of pipeline to be monitored by the host communities and the oil firms to honour their memoranda of understanding (MoUs).

    Atuwe said the JTF and the Ministry of Justice were meeting to ensure that pipeline vandals serve jail terms. The meeting, he said, became imperative to ensure speedy trial of suspected vandals.

    The  Federal Government set up  the Task force to ensure 24-hour patrol of oil installations to check pipeline vandalism, crude oil theft and other criminalities in the industry. But Atuwe  noted that cases abound where vandals were arrested, remanded, and released on bail and they reappear in the creeks to continue their crimes.

    “The undue release of these vandals must be stopped if the country would achieve meaningful progress in the fight against pipeline vandalism and oil theft,’’he said.

    He said the safety of the pipelines would be guaranteed, when offenders were being brought to book. He said: “Pipeline vandalism, oil theft and associated crimes persist because perpetrators were prevented from facing the law. Cases abound where people are released on bail, when they committed offences that deserve punishment under the criminal code. The need to ensure that justice prevails, informed the meeting with the Ministry of Justice. ‘’

    Atuwe said the zero tolerance policy  declared on pipeline vandals was still in force, despite the surge in the criminal activities.“When I resumed office as the Commander, Joint Task Force, Operation Pulo Shield in January 2014,  I declared zero tolerance against pipeline vandalism  to stop the activities of the perpetrators.  The order is being maintained because we want to stop the crime.  We are policing the creeks and other areas where there are pipelines.  We work throughout the night.

    “We arrested a vessel that was used to steal oil two days ago. As a nation, we should get angry with the depletion of oil, protect the industry and the economy. Pipeline destruction is an offence that I think the perpetrators should not be allowed to go scot free.  Anybody caught breaking oil pipes deserves a jail term, hence the need to meet Justice Ministry on the issue so they can help us in that regard,” he said.

    He said the JTF has enough facilities to deal with the situation, adding that more collaboration among the security agencies is needed to stop vandalism.

    According to him, anyone caught stealing oil should not be released until the court gives judgment.  The execution of justice, Atuwe said, should not be limited to pipeline vandals, but also to  oil bunkerers.

    He said the need to look at the terminals through which oil is being exported illegally is imperative to solving the problem, adding that processes that would lead to speedy trial of oil thieves should be put in place for growth.

    He urged the government to establish modern refineries in the Niger Delta to reduce unemployment, noting that the relationship between the oil companies and the communities has become soured in recent times.

    “The relationship between oil companies and the communities was symbiotic before. There was trust between the two groups. The oil companies were meeting their obligations to the communities. At a point, trust was lost. Added to this is the impoverished nature of the communities. Poor infrastructure and unemployment in the oil producing communities are some of the factors that made the inhabitants to break pipelines,” he said.

    Amieyeofori said there are about 6000km of flowlines and pipelines in the Niger Delta; about 400,000 barrels of oil per day (bopd) are stolen. Between 2009 and 2011, $10 billion and $12 billion was lost to crude theft, he added.

    He said about 100,000 bopd worth about $7 billion is lost yearly.

    Nigeria, according to him, follows Mexico, Iraq, Russia and Indonesia on the top five countries most plagued by theft, adding that about 75 per cent of the stolen oil is being exported with the rest being refined in illegal at “artisanal refineries.”

    Who is responsible for oil theft? He said it includes some unscrupulous Niger Delta indigenes who colaborate with foreigners.

    These theft, he said, take place at oil terminals, pipelines and wellheads at night and the people who buy it include illegal artisan refineries in the mangroves.

    He said stolen crude goes through the creeks at night with the aid of vessels that transfer into internationally registered vessels, sold to international buyers, processed international oil refineries and paid for using international accounts.

    He said products from illegal refineries are sold locally at very low prices. He quoted Reuters as saying: “Stolen Nigerian oil worth billions of dollars is sold every year on international markets and much of the proceeds are laundered in world financial centres like Britain and United States.

    “In the study done by Chatham House,  it was found that the countries with the most imported stolen oil from Nigeria include the United States, several WestAfrican countries, Brazil, China, Singapore, Thailand, Indonesia, and the Balkans. The thieves are able to import the oil through the roles of commodity traders that work in the industry.”

  • Seven Energy eyes 2.3 tcf of gas

    Seven Energy is targeting 2.3 trillion cubic feet of gas from oil mining leases (OMLs ) 3, 38 and 41 in Benin, the Edo State capital, its Chief Executive Officer, Phillip Ihenacho, has said.

    Seven Energy, an indigenous oil and gas exploration and development firm, and the National Petroleum Development Corporation (NPDC) entered a Strategic Alliance Agreement (SAA) that saw it holding 55 per cent interest in the oil fields, while Seplat Petroleum Development Company, the operator of the assets hold 45 per cent interest.

    This is coming as Seven Energy and Frontier Oil Company partnered to build  the Uquo gas plant, which boasts of 650 billion cubic feet of gas reserves. The facility financed with N90billion sourced from various financial institutions, was inaugurated by President Goodluck Jonathan.

    Ihenacho told The Nation that the average production expected from the fields is  51,600 barrels of oil per day, adding that the gas potential are immense.

    He said: “OMLs, 4, 38, and 41 are part of Seven Energy’s upstream businesses, and the company is expecting 2.3 trillion cubic feet of gas from the fields. The potential in the fields are immense, and we hope to leverage on it to increase supply of gas to users across the value chain for growth. Power generation, fertiliser, and other companies that use natural gas for production will benefit whenever works are completed on the fields. We are working with Seplat in Benin on the issue and we believe that there would be substantial gas investment in the fields. ‘’

    According to him, the country can meet its gas to power needs when investment in gas infrastructure is galvanised.

    “Improving investment in gas pipeline construction will help in transporting the product from the plants to the power and other companies that need it for production.  That has been a major obstacle to the utilisation of gas in the country,” he said.

  • ‘Insecurity, lack of regulation threat to offshore business’

    ABSENCE of regulatory framework and insecurity are two major threats to the offshore oil and gas business, the Vice President and Managing Director, Nigeria and Equatorial Guinea, Baker Hughes, Ayo Shote, has said.

    Speaking on the sideline at the Baker Hughes Techno Day Conference and Exhibition in Lagos, Shote explained that the delay by the Federal Government in providing answers to the challenges has affected offshore exploration.

    He said offshore activities have remained dormant, noting that Nigeria’s  huge offshore oil and gas resources were yet to be exploited.

    ”Nigeria boasts of huge offshore oil and gas resources yet to be exploited amid regulatory and security risks. Exploration activities in Nigeria are mostly focused in the deep and ultra-deep offshore areas with some activities planned in the Chad basin, located in the Northeast of the country,’ he said.’

    He however assured that the firm would continue to explore opportunities offshore in spite of the challenges.

    As he put it: “Going forward, offshore continues to be important. There is no way we can take our eyes off that. For us, that is one of our biggest growth areas, and we will continue to invest in people, in infrastructure, in equipment and in technology to ensure that we remain a major player in the industry. Nigeria’s offshore space is bigger than what we have done in the past. We have fields out there that we have not taken advantage of.”

    He said Africa cannot be left out in the entire global energy landscape.

    “We will continue to remain important and grow. We have been in Nigeria since the beginning. In Nigeria we are seeing the increasing importance of indigenous participation,” he said, adding that the company will leverage on its  huge presence in the continent to support the increased investments in Africa’s oil and gas business.

  • DISCOs’ growth tied to losses’ reduction, says BPE chief

    DISCOs’ growth tied to losses’ reduction, says BPE chief

    Reduction in the Aggregate, Technical, Commercial and Collection (ATC&C) losses is vital to the growth of the 11 power distribution companies (DISCOs), the Director-General, Bureau of Public Enterprise (BPE), Benjamin Dikki, has said.

    He said the failure of DISCOs to do that would affect their profitability and further impact negatively on the operations of the firms.

    The firms are Eko Electricity Distribution Company (EKEDC);  Ikeja Electricity Distribution Company (IKEDC);  Kano Electricity Distribution Company(KEDC); Kaduna Electricity Distribution Company; Jos Electricity Distribution Company; Abuja Electricity Distribution Company and others.

    Part of the conditions given investors of distribution firms during privatisation by the BPE, was that they should demonstrate the ability to reduce commercial and technical losses for growth.

    Dikki told The Nation that the companies’ ability to reduce losses would determine how well they can go in the industry. He said the losses arise when the firms were unable to fix their distribution problems, while commercial losses occur when the firms could not block loopholes in revenue generation and collection.

    He said: “The government is happy when the companies are able to reduce their commercial and technical losses for growth, if a company does not minimise its losses,  such a company is in danger.  It would record   low profitability. The generation companies (GENCOs) generate electricity, wheel it to the  grid and sell it to the distribution companies.  The DISCOs receive, for instance, 100 megawatts of electricity at a cost. If the DISCOs lose one megawatt of electricity, they have to make up for it because nobody would compensate them. Every megawatt the DISCOs loses because of distribution inefficiency is money.”

    He said gas is the bane of the sector, noting that it is affecting the operations of the generation and distribution companies. “Inability of the  power plants to access gas  means they would not be able to generate electricity for the distribution companies,” he added.

    He said the BPE, which conducted post-privatisation monitoring of the DISCOs to assess their performance, learnt they were investing in infrastructure to improve operations.

    ‘’The exercise shows that the DISCOs are investing in infrastructure for growth. Eko Electricity Distribution Company has carried out rehabilitation programmes. The company is buying transformers, cables and others. It has raised $450,000 to improve its operations. Ikeja Distribution Company has increased installations by about 230,000 houses. They go out, meet customers, know their problems and expand their clients’ base, improve efficiency and profitability.   Until we have sufficient gas, that is when people would realise the amount of investments these DISCOs have made to improve the network,” he said.

  • Group tackles shady oil subsidy regime

    THE Africa Network for Environment and Economic Justice (ANEEJ) and other stakeholders in the industry have gathered in Lagos to drive increased monitoring of the oil subsidy regime to ensure transparency and accountability in the business.

    At a town hall meeting tagged Advocacy against impunity in the oil subsidy regime in Nigeria,held in  Lagos, the group’s Executive Director, Rev. David Ugolor, said the purpose of the project iwas to raise public awareness about corruption and malpractices in the sector and mount pressure on the government to do more to hold perpetrators and government to account.

    He also said the project was a major effort to end impunity in the management of oil subsidy funds, where contractors acting in connivance with some ‘unseen persons’ in the government collect huge sums from the government as subsidy to import refined products.

    Ugolor said: “This project is to promote greater enforcement of anti-corruption laws, public awareness of enormity of the problem, reduce corruption among citizens and government agencies, greater transparency and accountability in oil subsidy regime.”

    He said in January 2012, the Ad hoc Committee of the House of Representatives found out that payment of fuel subsidy to oil marketers was inflated and several marketers got paid for doing nothing and expenses charged to the subsidy account. The Nigerian Extractive Industries Transparency (NEITI) audit report 2009-2011 made more startling revelations as it uncovered a disparity of N175.9 billion between the subsidy claims paid from the Federation Account and the one made by the Petroleum Product Pricing Regulatory Agency (PPPRA).

    The Accountant-General of the Federation reported to NEITI auditors a total subsidy payment of N2.825 trillion while the PPPRA disbursed N3 trillion to marketers during the period. While some marketers disagreed with the amount ascribed to them by the PPPRA, especially in 2010, when a marketer claimed N2.56 billion. The PPPRA recorded payment of N1.5billion, leaving an un-reconciled difference of N1.04billion. These are serious issues that nobody is being punished for and the impunity appears to be soaring with latest kerosene subsidy saga for which key agencies of the government have been trading words to the detriment of the ordinary Nigerians, Ugolor said.

    He also noted that when fuel price was increased, it was talked everywhere and there were a lot of comments from the public but with time people suddenly forgot about it. I expect people to speak up to the government because it is our right, in fact, it is a God’s given right. I also expect the media to help inform the public and act on it so that the government will take actions, he added.

    “It is not clear whether any of the suspects charged to court relating to fuel subsidy corruption has been convicted and most Nigerians appear to have forgotten about the issue in their parking lots. The corrupt characters are the major donors anytime there is fund raising. We hope that this project will be used to reawaken our memories and put pressure on our government to ensure that those subsidy cases and other related corruption cases in the oil sector are given due attention and concluded with those found wanting duly punished to serve as deterrent to others,” he said.

    The meeting reviewed how the anti-corruption agencies and the Judiciary have failed in the prosecution of indicted suspects in the fuel subsidy regime and also reviewed the implications of fuel subsidy malpractice on livelihoods of Nigerians.

    They agreed to put pressure on the Federal Government to bring indicted persons and firms to justice.