A prominent Nigerian politician has demanded transparency from state oil authorities and the finance ministry after official records showed massive petroleum expenditures despite claims that fuel price supports ended over a year ago. Senator Shehu Sani questioned how NNPCL could report 7.1 trillion naira in energy security payments for 2024 when government leaders had declared such programs terminated in 2023.
The former lawmaker pressed Finance Minister Wale Edun and petroleum executives to justify the staggering disbursements, suggesting either subsidies never actually ceased, or phantom allocations are draining national coffers. NNPCL financial statements labeled the controversial spending as energy security expenses rather than direct consumer subsidies.
Sani insisted Nigerians deserve answers about whether fuel price supports quietly continued under different terminology or if bureaucratic mismanagement allowed billions to vanish through questionable accounting practices.
The former lawmaker pressed Finance Minister Wale Edun and petroleum executives to justify the staggering disbursements, suggesting either subsidies never actually ceased, or phantom allocations are draining national coffers. NNPCL financial statements labeled the controversial spending as energy security expenses rather than direct consumer subsidies.
Sani insisted Nigerians deserve answers about whether fuel price supports quietly continued under different terminology or if bureaucratic mismanagement allowed billions to vanish through questionable accounting practices.
