REPS FUEL SUBSIDY PROBE

Please tell me why heads have not started rolling after reading this:

REPS FUEL SUBSIDY PROBE:

*Farouk Lawan: what is Nigeria’s daily fuel consumption?
Dieziani: 52m L
NNPC: 35m l
DPR: 43m l
PPPRA: 24M l
... Okonjo: 40M l
*Farouk Lawan: What was the subsidy for 2011?
Dieziani: 1.4Trillion
Okonjo: 1.3Trillion
CBN: 1.7Trillion
*Farouk Lawan: Can we have the KPMG REPORT?
Okonjo: I have to go through the report first
Dieziani: I have not seen the report
*Farouk Lawan: What is the production capacity of our local refineries?’
NNPC: 30%
PPPRA: 20%
DPR: 13%
Dieziani: 15%
*Farouk Lawan: Does Nigeria pay subsidy on locally refined Products?
Diezaini: it depends
NNPC: The lay man cannot understand how it’s done
PPPRA: yes
DPR: No
*Farouk Lawan: Why is Kerosene still scarce?
Dieziani: Because its use by the aviation industry as aviation fuel
NNPC: Because there is no subsidy so NNPC overstretched its resources
PPPRA: it’s not properly deregulated
*Farouk Lawan: what is the balance in the subsidy accounts?
Diezieni: it’s a virtual account
NNPC: There is no account in existence as the lay man will look at it
PPPRA: account is a technical one
CBN: no account with us for subsidy
Okonjo: The account exists but not with a bank.
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