Last week, the Senate ad-hoc
committee investigating the activities and finances of the Subsidy
Re-investment and Empowerment Programme (SURE-P) raised an alarm that N500
billion, accruing to the project, has not been accounted for. The
committee, headed by Deputy Senate Leader, Abdul Ningi, stated that a total
amount of N834.33 billion accrued to SURE-P between January 2012 and September
2013.
N834.33
billion is the sum total of receipts from the 25 billion litres of petrol which
the partial withdrawal of subsidy yielded within the period. The unaccounted
sum is the difference between what the SURE-P committee, headed by Dr.
Christopher Kolade, claimed to have received during the period under review.
Kolade told the Committee that only N300 billion has been released to SURE-P
committee.




























