Fuel Subsidy Removal Strike Update… Protesters Occupy Femi Otedola’s Home, Target Otudeko, Other Subsidy Beneficiaries!

The nation wide strike action against fuel subsidy removal is taking a new twist.

Protesters have started going after those believed to have benefited from the government facility.

The allegations that beneficiaries siphoned money into private pockets was one of the major reasons subsidy was removed.

The protesters are using public disclosure of the identity of the companies that enjoyed the facility by the Senate to execute the twist in protest.

Femi Otedola, front person of Zenon, AP & Forte Oil was the first to suffer the presence of the protesters.

His home was ‘occupied’ for hours.

Obafoluke Otudeko of Honeywell Oil and Asiwaju Bola Tinubu- believed to be the financial muscle behind OANDO (Ocean and Oil) suffered the same fate.

The protesters claim they will continue the occupation serially until the government return subsidy and return the pump price of petrol to N65 from the current N141.

Their are fears in certain quarters that the twist may result in violence and destruction of properties of the fuel subsidy beneficiaries if the action is prolonged.

Voilent conducts and loss of lives have been witnessed in ‘occupation’ in other parts of the country that are not that ‘personal’

Other targets of the protesters and beneficiaries of the subsidy exercise before removal- according to the Senate List- are

1. Oando Nigerian Plc. – N228.506 billion
2. MRS –N224.818 billion
3. Pinnacle Construction-N300 billion
4. Enak Oil & Gas –N19.684 billion
5. CONOIl – N37.960 billion
6. Bovas & Co. Nig. Ltd. – N5.685 billion,
7. Obat – N85 billion
8. Folawiyo Oil – N113.3 billion
9. IPMAN Investment Limited – N10.9billion
10. ACON – N24.1billion
11. Atio Oil – N64.4billion
12. AMP – N11.4billion
13. Honeywell – N12.2billion
14. Emac Oil – N19.2billion
15. D.Jones Oil – N14.8billion
16. Capital Oil – N22.4 billion
17. AZ Oil – N18.613billion
18. Eterna Oil – N5.57 billion
19. Dozil Oil – N3.375 billion
20. Fort Oil – N8.582 billion.
21. Integrated Oil and Gas – N30.777 billion
22. AP – N104.5billion.

For the year, 2011, the companies cited by the Senate and the fund received for the year include Otedola’s African Petroleum, N104.58 billion; A.A. Rano, N1.14 billion; A.S.B, N3.16 billion; Arcon Plc, N24.116 billion; Aminu Resources, N2.3 billion; Avante Guard, N1.14 billion; Avido, N3.64 billion; Boffas and Company, N3.67 billion; and Brilla Energy, N960.3 million.

Others are: DownStream Energy, N789.648 million; Dosil Oil and Gas, N3.375 billion; Inco Ray, N1.988 billion; Eternal, N5.574 billion; Folawiyo Energy, N113.32 billion; Frado International, N2.63 billion; First Deepwater Oil, N257.396 million; Heden Petrol, N693 million; Honeywell Petrol, N12.2 billion; Integrated oil, N30.777billion; AMP, N11.417 billion; Ascon, N5.271 billion; Channel Oil, N1.308 billion; Fort Oil, N8.582 billion; Enak Oil & Gas, N19.684 billion; IPMAN Investment Limited, N10.9 billion; Atio Oil, N64.4billion; AMP, N11.4billion; and Emac Oil, N19.2billion.
Pictorial Voyage Of On Going Strike

Here is a pictorial journey of the on going strike action against fuel subsidy removal by the Federal Government since- since it started on Monday January 9 2012.

Also included is a ‘funny’ that encapsulates the ‘esteem’ an angry masses holds it present!