The Senate, on Wednesday, made a shocking revelation that corrupt Nigerians were hiding stolen money in caskets, and uncompleted buildings in remote villages, in some parts of the country.
The Senate made the claim during the consideration of a motion, moved by Senator Dino Melaye.
The motion was tagged: ‘Discrepancies in subsidy payment and non-remittance of funds by the NNPC to the federation account’, under the office of President Muhamamdu Buhari.
According to Melaye: “Monies are not accounted for, and that might be the reason why we now see petro-dollars buried in caskets and uncompleted buildings in remote villages, in some parts of the country,” he claimed.
Recall, that Melaye had in a point of order on Tuesday, drawn the attention of the Senate to the refusal of the Federal Government to probe the NNPC, which he said got 51 out of 100 percent share of companies sanctioned to import petroleum products into the country.
Melaye, had said all the Oil Marketers currently facing trial over alleged subsidy fraud, only constitute 49 percent of imported refined products.
He had said: “Surprisingly you (Saraki) are one of those who raised the issue of subsidy in the 7th Senate. The Federal Government is prosecuting Marketers, and these Marketers only constitute 49 percent of imported refined products. The NNPC is responsible for the importation of 51 percent.
“While we are prosecuting the Independent Marketers whose proceed from subsidy is about N3.83 trillion, NNPC collected a total of N5.1 trillion on subsidy, and this has never been investigated.”
After a brief debate on the issue yesterday, the Senate mandated its Committee on Petroleum (Downstream), to exhaustively review and investigate the NNPC, over its accounts relating to fuel subsidy and the abuse of product marketing and distribution between 2006 and 2016.