REVEALED: Inside details of multi-billion naira subsidy fraud that got oil marketer 104-year jail term
[NigerianEye - Nigeria] - 6/06/2025
When stories of the petrol subsidy fraud appeared on the pages of newspapers, they were told mostly with sketchy details, with the crux of the narrative centring on the trials and convictions of the indicted oil marketers. But little was known about the gravity and tricky details of the fraud that milked the nation’s treasury. In his new book, ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’, Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), reveals inside details of the massive fraud that marred the Petroleum (…)
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