Petrol subsidy: bn diversion height of corruption under Buhari – HURIWA

Petrol subsidy: $7bn diversion height of corruption under Buhari – HURIWA

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Human Rights Writers Association of Nigeria (HURIWA), on Thursday, said the alleged diversion of $7 billion petrol subsidy under the regime of the President Muhammadu Buhari is the very height of gargantuan corruption that has infested the present administration in the past seven years.

HURIWA’s National Coordinator, Comrade Emmanuel Onwubiko, in a statement, urged civil society organisations and rights activists to drag the Buhari regime to court to put an end to the criminal corruption ongoing in the present administration.

The group also said it is heartless of government officials to divert a whopping $7bn meant for subsidy payment on Premium Motor Spirit whilst Nigerians groan of fuel scarcity and hike in prices of petrol (now over N180 per litre) and diesel (which now sells at over N800 per litre).

Recall that the House of Representatives set up an ad-hoc committee to investigate the petroleum products subsidy regime under Buhari from 2017 to 2021, following the adoption of the motion by Hon Sergius Ose Ogun.

The lawmaker had said there exist evidence that subsidy amounts are being duplicated, noting that the subsidy regime has been “unscrupulously” used by the Nigerian National Petroleum Company Limited and other stakeholders to subvert the nation’s crude oil revenue to the tune of over $10 billion, with records showing that as at 2021, over $7bn in over 120 million barrels have been so diverted…

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