Former Governor of Bauchi State, Isa Yuguda, on Monday said that up until the time of its removal, the fuel subsidy has mostly been a scam run by the Nigerian National Petroleum Company (NNPC) in conjunction with marketers and other stakeholders in the oil sector.
Yuguda who also was former minister of state for transport, disclosed this when he appeared as a guest on Channels Television’s Sunrise Daily.
According to him, he was privileged to serve as the chairman of a subcommittee between 2008 and 2009 under the economic meltdown period and he chaired the committee on subsidy where everything about the scam from the initiative was discovered.
The former minister further explained that The NNPC and Marketers just claim that they have pumped X amount of either finished products or crude.
When asked again if it was indeed the NNPC that was making these claims, Yuguda replied in the affirmative.
