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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