The Nigerian National Petroleum Corporation Limited (NNPCL) has been listed among individuals and companies allegedly involved in fuel subsidy scam.
This allegation was made by former Governor of Bauchi State and ex-Minister of State for Transportation and Aviation, Isa Yuguda.
Yuguda emphatically stressed that NNPCL was deeply involved in the fuel subsidy scam alongside other related agencies.
According to Yuguda, during his time as Chairman of the Sub-committee on Subsidy under the Goodluck Jonathan government in 2009, the NNPC paid subsidies on pipelines that do not exist.
READ ALSO: ADC Presidential Candidate Demands CBN, NNPCL, Customs Probe
The former governor stated this while appearing on Channels Television’s Sunrise Daily on Monday, June 26, 2023.
Yuguda further stated the his committee submitted the report to former President Goodluck Jonathan but nothing was done on the investigation made, while stressing that President Muhammadu Buhari also failed to act on the exposure.
Subsidy Removal: Only Tinubu, Not NNPC, Has Power to Fix Fuel Prices in Nigeria
He also added that a former Minister of Finance, “Ngozi Okonjo-Iweala, also hired some chartered accountants to probe the subsidy claims and found out that N2 Billion dollars were spent on fuel subsidies.”
