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One of the suspects of fuel subsidy fraud, Oluwaseun Ogunbambo, who was earlier denied bail due to his history of unresolved criminal allegations and multiplicity of identity, on Monday regained his freedom before another judge of a Lagos High Court. This came after the Economic and Financial Crimes Commission (EFCC) filed separate charges of banking fraud against him. The accused allegedly obtained separate loans of N230 million and N430 million from Stanbic IBTC Plc in 2010 with forged documents. Justice Adeniyi Onigbanjo had on August 1 denied Mr Ogunbambo bail after he was arraigned along with Habila Theck and their firm, Fargo Energy Limited, on six counts of fraudulently collecting N976.6m from the Federal Government purportedly as payment for subsidy on importation of petrol. While Mr Theck was granted bail, Mr Ogunbambo’s bail application was refused.
The accused however was on August 19, released on bail by Justice Lateefat Folami, a vacation judge, who the accused turned to during the original judges’ annual vacation. Mr Ogunbambo had asked Justice Folami for bail on the grounds of health. The judge had granted the bail despite admitting that his grounds of ill health were “unmeritorious”.
Justice Onigbanjo had ordered that Mr Ogumbambo be remanded in Ikoyi Prisons, saying “his multiple identities and his propensity to get multiple passports each time one was seized,” were weighty enough to warrant the denial of the bail.
The...

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9 August
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9 August
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ANALYSIS

Finance Minister Ngozi Okonjo-Iweala's resolve to isolate fraudulent oil marketers in payment of fuel subsidy, based on a report of an investigation panel, had a backlash last week. Though NUPENG has returned to work, there are fears that difficult times lay ahead.

A typical scenario of how pockets government funds were pumped into the tanks of oil marketers in the name of subsidy goes thus: "Conoil imported 19.820 million litres of PMS (petrol) with Form M No.1078673 and mother vessel bill of lading dated 31/08/2011 for which N1,532,684,020.31 was paid subsidy.

This payment was made ahead of external auditors' verification in line with the PPPRA procedure; however external auditors did not subsequently verify the claim. Discussion with PPPRA showed this payment was yet to be verified by the external auditors due to their error in sending the verification request to Akintola Williams Delloite instead of Adekanola & Co who witnessed the vessel discharge. Akintola Williams Delloite returned the request unsigned and before they could be sent to Adekanola for their signature, both firms had been disengaged from further participation in the subsidy payment process.

"Differences were noted between the observed volume of litres in the shore tank certificates and the volume in litres used to calculate the subsidies claimed. This is in violation of the requirement of the PSF guidelines that the volume of products for which s...

This came after the Economic and Financial Crimes Commission (EFCC) filed separate charges of banking fraud against him.

The accused allegedly obtained separate loans of N230 million and N430 million from Stanbic IBTC Plc in 2010 with forged documents.

Justice Adeniyi Onigbanjo had on August 1 denied Mr Ogunbambo bail after he was arraigned along with Habila Theck and their firm, Fargo Energy Limited, on six counts of fraudulently collecting N976.6m from the Federal Government purportedly as payment for subsidy on importation of petrol.

While Mr Theck was granted bail, Mr Ogunbambo’s bail application was refused.

The accused however was on August 19, released on bail by Justice Lateefat Folami, a vacation judge, who the accused turned to during the original judges’ annual vacation.

Mr Ogunbambo had asked Justice Folami for bail on the grounds of health. The judge had granted the bail despite admitting that his grounds of ill health were “unmeritorious”.

Justice Onigbanjo had ordered that Mr Ogumbambo be remanded in Ikoyi Prisons, saying “his multiple identities and his propensity to get multiple passports each time one was seized,” were weighty enough to warrant the denial of the bail.

The judge also refused the bail application on the grounds of the accused person’s “previous and unresolved criminal allegations”.

Rather than granting bail, Justice Onigban...

Lagos (WorldStage Newsonline)-- A Lagos High Court in Ikeja on Friday rejected the requests of Mahmud Tukur, son of Peoples Democratic Party (PDP) National Chairman, Alhaji Bamanga Tukur and Abdullahi Alao, son of Ibadan based businessman, Alhaji Abdulazeez Arisekola-Alao, for a leave to travel abroad while their trial over alleged fraud in fuel subsidy collection is ongoing.

Justice Lateefat Folami, a vacation judge, told the accused persons including Felix Ochonogor, who are directors of one of the oil companies indicated for oil subsidy scam, Oil Marketing and Trading Companies (OM&Ts) to wait until their trial judge, Justice Adeniyi Onigbanjo resume from his annual vacation to hear the application.

The judge while ruling on the application by the trio seeking the permission of her court to travel abroad for Hajj and business trip that she cannot overrule the earlier order granted by the trial courts which adjourned the matter till November 13, 2012.

According to Justice Folami, she cannot grant their application to travel outside the country, since Justice Adeniyi Onigbanjo, who ordered the seizure of their travelling documents did so to ensure that they appear for their trial on the fixed dates.

The court also held that allowing them to travel for Hajj rites which would begin in October will clash with the November dates earlier fixed for trial by the trial Judge and that the dates allegedly meant for their business tr...

Chevron fire a step to more biofuel attention?
http://solamonalternativeenergy.com/chevron-fire-a-step-to-more-biofuel-attention/


The only crude distillation unit of Chevron Corp’s refinery in Richmond, California is facing up to 6 months of shutdown after a fire broke out there last week.

The investigators and Chevron itself have refused to provide any timeframe for resuming the plant’s full operations at California’s second largest plant following the fire last week in its crude unit. Apparently, investigators have discovered severe damage in the pipe racks, heater and cooling towers.

According to reports Chevron submitted to the pollution regulators last week, the unit is expected to be shut down for several months, following the blaze at a pump which leaked a diesel-like substance. Meanwhile, a spokesperson from Chevron has insisted that there is only one crude oil unit at their plant and it was kept shuttered while the other parts of the plant operated.




Chevron is still undecided whether to continue operating its secondary units that are running on feedstock.

A small leak in the pipe was readily found by engineers of Chevron — with the alert as something that may have just saved the Contra Costa Country from numerous casualties.

“It was good they found the leak early … the sooner you find the (leak) and ignition point, the less fuel there is to bu...

Solamon Alternative Energy
Category: Oil Change Stations [Edit]
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http://solamonalternativeenergy.com/

Solamon Alternative Energy offers insight and provide the public with a deeper understanding on the availability and viability of alternative fuel sources that can be used instead of the usual oil and petroleum we have today.
Energy expenditure is not only in energy we use for industrial, residential and commercial purposes, but also on the automobile sector. It is undeniable that the number of automobiles around the world alone (and their subsequent use of fuel) is already a very large contributor in polluting nature.
The possible options we’d like to see the governments consider for use in the future and are being explored in the present are fuel cells, biofuel and batteries.

Solamon Alternative Energy offers insight and provide the public with a deeper understanding on the availability and viability of alternative fuel sources that can be used instead of the usual oil and petroleum we have today.
Energy expenditure is not only in energy we use for industrial, residential and commercial purposes, but also on the automobile sector. It is undeniable that the number of automobiles around the world alone (and their subsequent use of fuel) is already a very large contributor in polluting nature.
The possible options we’d like to see the governments consider for use in the future and are being explored in the present are fuel cells, biofuel and batteries.

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Solamon Company provide links to third-party websites..A Canadian renewable energy developer. Focused exclusively on Sunbelt nations, Solamon and its network of experienced regional partners deliver turnkey, cost effective renewable energy solutions to private and public sector organizations.
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About Solamon Alternative Energy


Solamon Alternative Energy offers insight and provide the public with a deeper understanding on the availability and viability of alternative fuel sources that can be used instead of the usual oil and petroleum we have today.
Energy expenditure is not only in energy we use for industrial, residential and commercial purposes, but also on the automobile sector. It is undeniable that the number of automobiles around the world alone (and their subsequent use of fuel) is already a very large contributor in polluting nature.
The possible options we’d like to see the governments consider for use in the future and are being explored in the present are fuel cells, biofuel and batt...

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What is Solamon Alternative Energy?

Answer:


Solamon Alternative Energy offers insight and provide the public with a deeper understanding on the availability and viability of alternative fuel sources that can be used instead of the usual oil and petroleum we have today. Energy expenditure is not only in energy we use for industrial, residential and commercial purposes, but also on the automobile sector. It is undeniable that the number of automobiles around the world alone (and their subsequent use of fuel) is already a very large contributor in polluting nature. The possible options we’d like to see the governments consider for use in the future and are being explored in the present are fuel cells, biofuel and batteries.

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