LAGOS — MINISTER of State for Petroleum Resources, Mr. Ibe Kachikwu, has denied a statement credited to him that the Federal Government spends N1.4 trillion monthly on payment for under-recovery on Premium Motor Spirit (PMS) importation.

Ibe Kachikwu

Mr. Kachikwu, in a statement titled: ‘Request for information on fuel importation and sundry matters’, which was a request by an activist lawyer, Mr. Femi Falana, SAN, denied making the remarks.

The statement reads: “I, hereby, acknowledge receipt of your letter of April 17, 2018, requesting for information and data on under recovery. Your request to me is predicated on a statement purportedly credited to me to the effect that the Federal Government is spending N1.4 trillion monthly on payment for under-recovery on Premium Motor Spirit, PMS, importation.

“Let me for the umpteenth time state that I made no such statement and a previous rebuttal has clarified this. The information you quoted is both incorrect and alarmingly speculative. The gate of Obafemi Awolowo University bears the sealed by Osun Government over alleged N1.8m tax debt, in Ile-Ife.

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