2011 — 124.· ₦1.7tn unaccounted· Chapter I · Money

Fuel Subsidy Probe — House Resolution 79

Ad-hoc committee (Lawan Report): ₦1.7tn paid for fuel not delivered, 2009–2011. Some prosecutions, no major conviction at FHC level.

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The House Ad-Hoc Committee on Subsidy Probe (chair: Hon. Farouk Lawan) tabled its report on 18 April 2012 under House Resolution 79 of 2012. It identified ₦1.7tn in subsidy claims paid out by the Petroleum Products Pricing Regulatory Agency (PPPRA) between 2009 and 2011 that could not be verified as fuel actually delivered. The report named 72 marketers and recommended refunds of ₦1.067tn. Subsequent EFCC prosecutions at the FHC Lagos and Abuja produced modest convictions of mid-tier executives; the most senior named officials were not convicted.

What it cost — political & economic reality

The political and economic reality

Nigeria in 2012: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period.

President · Fourth Republic

Dr. Goodluck Ebele Jonathan

2010–2015· PDP

National reality

GDP rebasing April 2014 made Nigeria Africa's largest economy. Chibok abduction 14 April 2014 (276 girls). Sovereign Wealth Fund established 2012. Fuel-subsidy protests January 2012. Lost the 2015 election — first incumbent defeated.

Crises of the period

#OccupyNigeria fuel-subsidy protests (Jan 2012)
Chibok abduction (Apr 2014)
Boko Haram caliphate at peak (2014)
Oil price crash from mid-2014

GDP (World Bank)

$369 bn (2010) → $546 bn (2014, post-rebasing — largest African economy)

Cabinet (selected portfolios)

Finance
Ngozi Okonjo-Iweala (Coordinating Minister of the Economy)
Education
Ruqayyatu Ahmed Rufa'i; Ibrahim Shekarau
Petroleum
Diezani Alison-Madueke

Sources · Federal Gazette 2010–15 · NBS GDP rebasing report 2014

Methodology

Tier 1 · primary

Courts. Gazettes. National archives.

Tier 2 · corroborating

OCCRP. HRW. BudgIT. TheCable.

Tier 4 · tertiary, flagged

Wikipedia only where primary is pending. Always labelled.