As the chairman of the subsidy committee, he unveiled the extensive deceit underlying the subsidy program.
By Akpele Chinedu:
Isa Yuguda, the former Governor of Bauchi State, stated on Monday during his appearance on Channels Television’s Sunrise Daily that the fuel subsidy, until its removal, was predominantly a fraudulent operation orchestrated by the Nigerian National Petroleum Company (NNPC) in collaboration with oil sector marketers and other stakeholders.
Yuguda, who previously served as the Minister of State for Transport, revealed that he had the opportunity to lead a subcommittee during the economic crisis between 2008 and 2009. As the chairman of the subsidy committee, he unveiled the extensive deceit underlying the subsidy program.
“I am sad to let Nigerians know what I saw; we came across situations where subsidy was claimed on pipelines that never existed,” Yuguda maintained.
The former minister further explained that “They (NNPC and Marketers) just claim that they have pumped X amount of either finished products or crude.
“Those that claim to pump the products and those that are in the subsidy scam, they just fill papers, invoices and they claim subsidy on it,” Yuguda explained.
When questioned once more about the party responsible for making these assertions, Yuguda confirmed that it was indeed the NNPC.
“Whos else is doing it,” he rhetorically asked.
Additionally, he emphasized that the elimination of the subsidy had been a subject of lengthy discussions and was long overdue. Nevertheless, previous administrations lacked the necessary political determination to execute the removal of the subsidy.