23rd July 2024
Business & Economy Crime & Investigation News

Tinubu’s Govt Diverting Funds Through Secret Petrol Subsidy, Atiku’s Aide Alleges

Tinubu’s Govt Diverting Funds Through Secret Petrol Subsidy, Atiku’s Aide Alleges

Former Vice-President Atiku Abubakar’s Special Assistant on Public Communication, Phrank Shaibu, on Monday, alleged that the refusal of the federal government to react to recent reports on the return of petrol subsidy showed that public funds had started going into private pockets.

Shaibu, made the allegation in a statement while reacting to reports by the International Monetary Fund (IMF) that the Nigerian government had begun paying petrol subsidy again.

Media reports stated that monthly subsidy payment was nearly N1 trillion which exceeds the amount being paid monthly by the President Muhammadu Buhari administration.

Reacting to the allegation, Shaibu said it had become clear that one of the reasons that the Nigerian National Petroleum Company Limited had not been paying the required amount of money into the government’s account was that monies were being diverted under an opaque and secret subsidy regime.

He said, “Tinubu has been boasting at every economic forum that he deserves to be in the Guinness Book of records for removing petrol subsidy.

“He even said before ringing the closing bell at NASDAQ in New York last September that the ‘corrupt subsidy’ regime and FX issues had been resolved.

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