Former Governor Isa Yuguda Exposes NNPC’s Involvement in Fuel Subsidy Scam

Former Governor Isa Yuguda Exposes NNPC’s Involvement in Fuel Subsidy Scam

…By Joseph Benjamin for TDPel Media.

Former Governor of Bauchi State and ex-Minister of State for Transportation and Aviation, Isa Yuguda, has made a serious allegation against the Nigerian Petroleum Corporation (NNPC) Limited, claiming its involvement in the fuel subsidy scam.

Advertisement

According to Yuguda, during his tenure as the Chairman of the Sub-committee on Subsidy under the Goodluck Jonathan government in 2009, the national oil company paid subsidies for non-existent pipelines.

Yuguda voiced these allegations during an interview on Channels Television’s Sunrise Daily on Monday, June 26, 2023.

His revelation raises concerns about the transparency and accountability within the NNPC regarding fuel subsidy payments.

Advertisement

The former governor further disclosed that his committee had submitted a report to President Jonathan, detailing the irregularities and discrepancies surrounding the subsidy payments.

However, no substantial action was taken on the investigation, leaving the matter unresolved.

He also pointed out that President Muhammadu Buhari, who succeeded Jonathan, failed to address the expose either.

In addition, Yuguda revealed that a former Minister of Finance, Ngozi Okonjo-Iweala, had commissioned chartered accountants to probe the subsidy claims.

Their findings indicated that an astonishing $2 billion had been spent on fuel subsidies, raising further questions about the mismanagement of funds in this regard.

Advertisement

The allegations made by Isa Yuguda shed light on the need for a thorough investigation into the operations and practices of the NNPC in relation to fuel subsidy payments.

As this story unfolds, more information is expected to come to light, potentially exposing further details and implications of the alleged fuel subsidy scam.

Advertisement

Read More On The Topic On TDPel Media

Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn

Read Related News On TDPel Media

Advertisement
Advertisement: Download Vital Signs App (VS App)

Leave a Reply