Nigeria: Subsidy - Buhari's NNPC As Cesspool of Corruption

11 November 2018
opinion

It is no longer debatable that the deep-seated illegality and abuse of financial procedures which has characterized the operations of the Nigerian National Petroleum Corporation (NNPC) in the last few decades still bedevils it in spite of the present administration's claim to transparency and integrity.

An instant revelation of this fact is the secret and opaque reintroduction of subsidy in the prices of Premium Motor Spirit (PMS) without the approval of the National Assembly as exposed in the Premium Times report of 5th November entitled 'Exclusive documents show the Buhari's administration illegally diverted N378 billion NLNG dividend'.

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