Subsidy fraud: EFCC begins probe of indicted oil firms

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Adeyemi Olalemi's Blog

The Economic and Financial Crimes Commissioner has written some companies on their involvement in the alleged scam in the management of fuel subsidy

Investigations on Tuesday in Abuja showed that the Head of Operations of the EFCC and the commission’s team on the issue, Mr. Olaolu Adegbite, had written some fuel importers to inform them that EFCC operatives would be visiting them in relation to their records of fuel importation and the administration of the subsidy fund.

It was gathered that the anti-graft agency intensified what its operatives described as a law enforcement investigation by interrogating some officials of the Nigerian National Petroleum Corporation, the Petroleum Products Pricing Regulatory Agency, the Ministry of petroleum Resources and others in relation to the subsidy fraud.

A source, who spoke to our correspondent on the condition of anonymity said the EFCC had since dispatched the letters to the affected companies.

The source, who…

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