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How cabals enriched themselves with benefits of subsidy payments - NNPC open can of worms





- Malam Mele Kyari has opened up on how the benefits of fuel subsidy payments were pocketed

- The NNPC MD said market cabals engaged in fuel marketing enriched themselves instead of the benefits to be channelled to the masses

- Kyari also stressed that FG spent a staggering N8.942 trillion in subsidising petroleum products between 2006 and 2015

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Mele Kyari has stated that the benefits of the fuel subsidy payments were enjoyed by the market cabal engaged in fuel marketing instead of the masses.

The managing director of the Nigerian National Petroleum Corporation (NNPC) made this disclosure while speaking during a Hausa programme on a radio station in Kaduna state, ThisDay reports.

Kyari, who noted that masses should have been the one enjoying the benefits, said subsidy was removed because it was characterized by fraudulent activities.

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He also stressed that the federal government spent a staggering N8.942 trillion in subsidising petroleum products between 2006 and 2015 as contained in the figures from the Petroleum Product Pricing and Regulatory Agency (PPPRA).

Kyari, NNPC GMD says market cabal enriched themselves with subsidy payments

Malam Mele Kyari has opened up on how the benefits of fuel subsidy payments were pocketed. Credit: ThisDay.
Source: Twitter

“This subsidy is designed to assist Nigerians, that is the intention. But in reality, the masses are not the beneficiaries. First, the masses are not the owners of the exotic cars, buying fuel, owning the filling stations, and doing the oil business.
“This subsidy that the government has been paying over the years is the root of all the atrocities and fraud committed in this country," Kyray said.

Kyari also said it is committed to the pursuit of 35% of women's inclusion in the NNPC workforce.

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Earlier, Legit.ng reported that Yemi Osinbajo, vice president of Nigeria, stated the goverment has no business in running the refineries in the country.

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The vice president made this known on Monday, September 21, during a virtual interaction with All Progressives Congress (APC) social media bloggers and influencers.

According to him, the running of the refineries can only be handled by private sectors and investors, adding that the problems with the government-owned oil refining machines will continue if private individuals do not take control.

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Chuka (Webby) Aniemeka

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