Nigeria’s Senate will investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme to N5.1 trillion ($17 billion) between 2006 and 2015.
The Senate’s decision to launch an investigation followed an emergency motion raised by Senator Dino Melaye, who told the Senate there were possible irregularities in subsidies collected by the Nigerian National Petroelum Corporation, NNPC from the government between 2006 and 2015 on its 51 percent market share of fuel imports.
He did not name the source of the allegations.
NNPC was previously implicated in allegations of fraud in an investigation in 2012 that discovered a $6.8 billion fuel subsidy scam, one of the biggest corruption scandals in Nigeria’s history.
It was not immediately clear whether the new Senate investigation would include…
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