Fuel Subsidy: We Are Tired Of Making Money- Ex-Governor Reveals What His Friend Told A Former President, Claims Tinubu Removed It At The “Risk Of His Life” (Video)

Fuel Subsidy: ‘We Are Tired Of Making Money ‘- Ex-Governor Reveals What His Friend Told A Former President, Claims Tinubu Removed It At The Risk Of His Life (Video)....KINDLY READ THE FULL STORY HERE▶

Written By Oshiobugie Omo-Ikirodah

During an interview with Channels TV on June 26, former Bauchi State Governor, Isa Yuguda, disclosed that the fuel subsidy scam had been incredibly lucrative for those involved. He revealed that one of the beneficiaries had even approached a former president, expressing a desire to cease the fuel subsidy due to their overwhelming financial gains. CONTINUE READING

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Yuguda further explained that he had served as the chairman of a committee assigned to investigate the subsidy regime. It was during his committee’s inquiry that they uncovered the fraudulent activities within the system.

“I am sad to let Nigerians know what I saw. We came across situations where subsidy was claimed on pipelines that never existed. They just claimed that they have pumped X amount of either finished products or crude, either from Kaduna or Warri” he said CONTINUE READING

When questioned about the entity responsible for the fraudulent claims, Yuguda responded.

“Of course. Who else is doing it? Those that are in the subsidy scam, they just fill papers, invoices and they claim subsidy on it. In fact, there was an instance of a pipeline that was supposed to exist between Lagos and Warri and tons and tons of monies were collected as subsidy on a pipeline that never existed. This is Nigeria for you.”

When prompted to address allegations implicating oil marketers in the scam, Yuguda responded.

’They are all involved in this things. All of them. I will sadly also report that Nigeria subsidy, we go on subsidizing Sub-Saharan Africa and Central Africa because the bulk of these products are smuggled out of this country, then who is subsidizing who?”.

Yuguda stated that his committee had submitted a report to the government, which implicated the NNPC in the subsidy scam. However, he expressed disappointment as the government failed to take appropriate action based on the findings of the report

‘’It can be very frustrating in Nigeria to implement policies especially where there are entrenched interests and a cabal that exists. It is just similar to this bunkering issue. It can be stopped but you can’t stop it. It can be stopped but the political will is not there. There are so many interests that are involved there and that is what is leading Nigeria to where we are today. ‘ he said

Speaking further, he said;

‘’The subsidy regime should have gone way back in 2012/2013. Any person that is shouting subsidies and that it is going to affect that or this is a selfish person. They are connected to the scammers killing this country.’

Infact I have one of my friends who is in the oil industry. We travelled to China with one of the Presidents of Nigeria. He told me ‘I am a member of the Economic team of Mr. President  and when I went for a meeting, I told him Mr. President, Please remove this subsidy, we are tired of making money’. I am telling you to God Almighty. He said ‘We are tired of making money Mr President’, because he is a patriot and he has seen the scam that is going on there. And he told me, He is alive today’’

When questioned about the former President’s reluctance to terminate the subsidy regime despite the discovery of its fraudulent nature, Yuguda provided his perspective.

’The President not have done it because of the entrenched interest and even may be at the risk of his life”

Watch the video below;

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Source: Bushradiogist