To this extent, the senate announced that it would begin an open investigation to expose the roles played by every official of government in the matter. Briefing journalists on the fuel crisis that has caused untold hardship on Nigerians, the Senate Committee on Petroleum (Downstream) said there was never a time that any request was brought to the National Assembly for approval in respect of the introduction of any subsidy. It stressed that the constitution is very categorical about the fact that no money could be spent without approval by the National Assembly. He said the cost, insurance and freight price of PMS is $620 per metric tonne, adding that at N305 to a dollar, the landing cost translates to N171 per litre. But the Senate committee, at a press conference yesterday, said it would go to any length to stop the new subsidy, lamenting that it was sad that this administration, which came in to fight the corruption in the oil industry, has been associated with suspicious deals too.

Source: The Guardian December 30, 2017 03:33 UTC