US EditionEx-EFCC Boss, Bawa Makes Revelations on Fuel Subsidy Fraud
- Abdulrasheed Bawa, who led Nigeria's Economic and Financial Crimes Commission between 2021 and 2023, disclosed various corrupt methods used in the country's petroleum subsidy fraud in his book.
- He clarified that these fraud schemes were facilitated by counterfeit paperwork, inadequate regulatory controls, and coordinated efforts between government officials and private entities.
- Bawa outlined various fraudulent methods such as ghost importing, over-invoicing, altering shipping documents, reusing shipments to claim multiple subsidies, redirecting subsidized fuel to unauthorized channels, and trafficking it for profit.
- The Federal Government paid over N259 billion in subsidy claims between 2011 and 2012, with the scandal involving multi-trillion naira and billions recovered amid prosecutions.
- Bawa’s book demands openness, responsibility, and significant changes within Nigeria's oil industry, exposing the extent of fraudulent activities and influencing ongoing efforts to combat corruption.
18 Articles
18 Articles
Ex-EFCC boss, Bawa makes revelations on fuel subsidy fraud
Former Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has revealed corrupt practices used to siphon public funds under the guise of fuel subsidy payments. Bawa revealed this in his book, titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’. The former head of the anti-graft agency chronicled how billions of naira were embezzled through ghost importing and over-invoicing as companies sub…
Abdulrasheed Bawa Gives Details Of Multi-Billion Naira Fuel Subsidy Fraud
Inside details of multi-billion naira subsidy fraud that got oil marketer 104-year jail termWhen 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 nations treasury.In h
Ex-EFCC boss Bawa details how fugitive forged documents, claimed N3.7bn in petrol subsidy fraud
Fresh details have emerged on how Oluwaseun Ogunbambo, a Nigerian businessman and managing director of Fargo Petroleum and Gas Ltd, forged several documents to claim N3.7 billion in a petrol subsidy fraud. In his new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’, Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), revealed inside details of Ogunbambo’s indictm…
How Fugitive Forged Documents, Claimed N3.7bn In Petrol Subsidy Fraud - Bawa
Fresh details have emerged on how Oluwaseun Ogunbambo, a Nigerian businessman and managing director of Fargo Petroleum and Gas Ltd, forged several documents to claim N3.7 billion in a petrol subsidy fraud. In his new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’, Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), revealed inside details of Ogunbambo’s indictmen…
Former EFCC chairman Abdulrasheed Bawa Writes Book On Fuel Subsidy Fraud In Nigeria - Security News Alert
Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), has released a groundbreaking new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’. According to Vic Akinrogunde, CableBooks, an imprint of Cable Media & Publishing Ltd, “This powerful exposé provides the most authoritative account yet of […] The post Former EFCC chairman Abdulrasheed Bawa Writes Book On Fuel Subs…
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