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Monday, 3 December 2012

Nigeria's Labour Minister, Emeka Wogu denies involvement in Fuel Subsidy Scam

Minister for Labour and Productivity, Emeka Wogu has denied allegations of involvement in 2.7 billion naira fuel subsidy scam allegedly carried out by Pinnacle Contractors Ltd which an anti corruption watchdog group, Anti corruption network  says was registered in his name. 
 In a statement released by the Assistant Director, Press in the Labour Ministry, Samuel Olowookere, Wogu stated as follows;

1.   The Pinnacle Contractors Ltd was sold to Masters Energy Oil and Gas Ltd in March 2010 for an agreed sum of which payments have been effected in accordance to the sales agreement.
2.   The resignation of the Honourable Minister from the Board of Directors and Shareholder of the said company was duly registered by the CAC on the 7th day of April, 2010 after his formal resignation on the 9th day of March 2010.

3.   After the said sales and business takeover of Pinnacle Contractors Ltd by Masters Energy Oil and Gas Ltd the new owners took over the affairs of the said company completely and ran the enterprise without any recourse whatsoever to the Honourable Minister.

4.   Their transactions were sometimes in August 2010, 5 clear months after they had taken full and effective control of the company.

5.   All documents relating to the sale and transfer of Pinnacle Contractors Ltd to Masters Energy Oil and Gas Ltd are public documents and are available to all Nigerians to see with the CAC.

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