Fuel subsidy fraud addressed
Publish date: 30 April 2012
Issue Number: 476
Diary: Legalbrief Africa Old
Nigeria's Parliament has discussed a report said to reveal that $6bn has been defrauded from the fuel subsidy fund in the past two years.
The debate, televised live, made official findings that have been widely leaked in recent days. BBC News reports that the fuel-sector probe was set up in the wake of angry nationwide protests in January after the government tried to remove a fuel subsidy. 'We are fighting against entrenched interests whose infectious greed has decimated our people,' House of Representatives Speaker Aminu Waziri Tambuwal said as he opened the two-day debate. 'Therefore, be mindful they will fight back and they normally do fight dirty.' According to the report, the 205-page parliamentary report uncovers a long list of alleged wrongdoings involving oil retailers, Nigeria's Oil Management Company and the state Nigeria National Petroleum Corporation. Full BBC News report