Take a fresh look at your lifestyle.

Governors Accuse NNPC Of Inflating Fuel Subsidy Figures, Demand Probe

Governors across the 36 States of the federation have accused the Nigerian National Petroleum Corporation (NNPC) of inflating fuel subsidy figures, it has been revealed.

The information was disclosed by the office of the Ekiti State governor, Mr. Ayodele Fayose.

It could be recalled that following an investigation by a Senate panel recently, it was revealed that subsidy payment jumped to N1.4 trillion under the President Muhammadu Buhari administration.

That is a far cry from the N1 trillion paid under the administration of the immediate past President Goodluck Jonathan.

Critics have faulted the rise of subsidy payment, accusing the President Buhari’s administration of hypocrisy and/or double speaking.

Buhari, it could be recalled, had accused the President Jonathan’s administration of fraud, saying that fuel subsidy was a scam.

He, therefore, stated that subsidy was nothing but an avenue for the then government officials to embezzle public funds.

Also, Buhari during his campaign speeches prior to the 2015 general elections promised to stop subsidy payments once he assumes office.

He was also quoted during his campaign speech in Owerri, Imo State, to have said that petrol will be sold at 40 Naira per liter if and when he becomes president.

Ironically, Nigerians now pay more for fuel at 145 Naira per liter, as against 87 Naira during the President Jonathan’s administration.

Consequent upon the revelation of sudden hike in fuel subsidy, the governors of the 36 States of the federation have demanded for a probe.

The governors want a probe into the activities of NNPC from 2015 till date, especially with regards to payment of fuel subsidy.

Recently, a foremost whistleblower in Nigeria, Dr. George Uboh had dragged President Buhari, in his capacity as the Minister of Petroleum Resources, to court over perceived misdeeds in NNPC.

DR. Uboh had alleged massive fraud in the system and contested the manner of allocation of oil blocks in the country.

The respondents in the suit include the Attorney-General of the Federation, Abubakar Malami [SAN], Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Group Managing Director of NNPC, Dr. Maikanti Baru, and Keystone Bank Ltd.

Dr. Uboh also alleged that the above-mentioned bank was involved in some fraudulent deals by NNPC officials when a total 115 transfers were made from the NNPC in one night.

The said transaction ran into tens of millions of dollars.

Dr. Kachikwu also, last year, raised alarm that contracts worth over 25 billion dollars exchanged hands without recourse to due process in the NNPC.

Comments are closed.