EFCC Uncovers N70bn Fuel Subsidy Fraud – Bawa

EFCC Uncovers N70bn Fuel Subsidy Fraud – Bawa

iexclusive News Nigeria reports that EFCC, has uncovered about N70 billion fraud carried out through the Federal Government’s fuel subsidy program.

EFCC Boss, Abdulrasheed Bawa disclosed this during a chat with newsmen at the Ikeja High Court in Lagos State Wednesday.

Bawa, while appearing at the court, testified in a fuel subsidy trial involving an oil firm, Nadabo Energy.

Speaking, he disclosed that the commission would continue to rigorously pursue all its cases in court.

Bawa said: “We have identified fraud of about N70 billion perpetrated through the fuel subsidy.

“So far the commission has recovered N20 billion from the N70 billion and we are working to recover the rest.

“Yes, we are worried about the slow pace of some of the fuel subsidy cases we charged to court since 2012, when investigations were concluded.”