Ex-EFCC chair Bawa reveals how petrol subsidy fraud was perpetrated – Newstrends
Connect with us

metro

Ex-EFCC chair Bawa reveals how petrol subsidy fraud was perpetrated

Published

on

Former Chairman of Economic and Financial Crimes Commission (EFCC), AbdulRasheed Bawa

Ex-EFCC chair Bawa reveals how petrol subsidy fraud was perpetrated

A former Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has given an insider narrative on how petrol subsidy fraud was perpetrated.

In his groundbreaking new book, titled: The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud, published by CableBooks, an imprint of Cable Media & Publishing Limited, Bawa unravels the inner workings of one of the country’s most pervasive financial crimes.

The strategies, he writes, include ghost importing and over-invoicing; submission of claims for fuel that was never imported; inflated shipment volumes to receive excessive subsidy payouts; manipulation of bills of lading by altering shipping documents and fraudulent exploitation of international price fluctuations to claim higher subsidies.

Others are: round-tripping and double claims; using single shipments to obtain multiple subsidy payments; diversion and smuggling; and diversion of subsidised fuel to black markets or smuggling for high profit.

Bawa, in a statement by Vic Akinrogunde, said the book is a powerful exposé that provides the most authoritative account yet on Nigeria’s multi-trillion naira fuel subsidy scandal.

READ ALSO:

Drawing from his firsthand experience as a key investigator on the EFCC’s special team that probed the 2012 subsidy fraud, Bawa reveals the staggering scale, complexity, and audacity of the schemes used to siphon public funds under the guise of fuel subsidy payments.

His insider narrative chronicles how billions of naira were recovered and several culprits brought to justice, while also shedding light on how entrenched corruption allowed the fraud to flourish for years.

These practices, Bawa explains, were enabled by forged documents, weak regulatory oversight, and systemic collusion between corrupt government officials and private sector actors.

“The ‘Shadow of Loot & Losses’ is not just a chronicle of fraud,” Bawa said.

“It is a call to action — a demand for transparency, accountability, and reform in Nigeria’s public finance management, especially in the oil sector.”

Having served as EFCC chairman from 2021 to 2023, Bawa brings a rare credibility and insight into the institutional challenges and political dynamics that have shaped the anti-corruption fight in Nigeria.

The statement said the book is both a revelation and a reckoning, offering evidence-based analysis and personal reflections on one of the most controversial chapters in Nigeria’s recent history.

“The book is essential reading for policymakers, civil society advocates, journalists, and citizens interested in understanding how systemic fraud undermines development and how it can be confronted,” the statement added.

Ex-EFCC chair Bawa reveals how petrol subsidy fraud was perpetrated

metro

Sokoto Officials Deny Reported Mosque Attack as Bandits Kill Five in Gatawa Raid

Published

on

File photo

Sokoto Officials Deny Reported Mosque Attack as Bandits Kill Five in Gatawa Raid

The Chairman of Sabon Birni Local Government Area in Sokoto State, Ayuba Hashimu, has dismissed viral reports alleging that bandits attacked a mosque in the council area, killing an Imam and several worshippers.

Some online platforms had circulated claims that armed bandits stormed a mosque in Sabon Birni, murdered the Imam and congregants, and abducted others.
However, Hashimu, speaking by telephone, described the reports as entirely false.

“I don’t know any mosque that was attacked, not to talk of killing of an Imam and worshippers. The story is false,” he stated.

A member of the state legislature representing the area, Hon. Aminu Boza, also debunked the claims, insisting that no mosque attack occurred on Saturday.

READ ALSO:

“I don’t know how they got their story, but it is not true. No mosque was attacked by bandits,” he said.

While officials denied the alleged mosque incident, a separate early morning assault on Gatawa town within the same LGA resulted in five deaths and left one person critically injured.

A resident, who spoke on condition of anonymity, told Daily Trust that six people — including two married women, two teenage girls and two young boys — were abducted by attackers suspected to be bandits.

“The bandits invaded our community around 1:30 a.m. and started shooting sporadically. Our vigilantes engaged them, but four of them paid the supreme price on the spot. Two others sustained gunshot injuries and were taken to the hospital, but one later died,” the resident said.

He added that the attackers also stole livestock as they fled.
“We heard them exchanging fire with security agents, but none of the abducted persons was rescued,” he recounted.

Sokoto Officials Deny Reported Mosque Attack as Bandits Kill Five in Gatawa Raid

Continue Reading

metro

FG Begins Formal Recovery of 157 Almajiri Schools for Nationwide Rehabilitation

Published

on

Almajiri school

FG Begins Formal Recovery of 157 Almajiri Schools for Nationwide Rehabilitation

The Federal Government has commenced the official recovery of 157 model Almajiri schools built during the administration of former President Goodluck Jonathan, in a renewed push to overhaul Almajiri education across the country.

The move was confirmed by Nura Muhammad, spokesperson for the National Commission for Almajiri and Out-of-School Children Education (NCAOOSCE), during an interview in Abuja on Sunday. He described the recovery process as a crucial step toward fully revamping and institutionalising Almajiri education.

Muhammad explained that the effort follows the establishment of a legally backed national body now responsible for all Almajiri-related programmes — a structure he said was missing during earlier reform attempts.

READ ALSO:

While commending former President Jonathan for constructing the schools, which he described as “a noble and well-intentioned stride toward modernising the system,” Muhammad noted that the previous initiative struggled due to weak policy implementation, including inadequate engagement with Alarammas, the traditional Qur’anic teachers who play a central role in the Almajiri system.

He added that the lack of a strong institutional framework — with the project operating only as an initiative under the Federal Ministry of Education — contributed to its challenges.

According to him, the Commission is now strengthened by law and guided by the newly adopted National Policy on Almajiri Education, positioning it to deliver sustainable reforms.

Muhammad expressed confidence that harmful practices linked to the Almajiri system would be addressed, emphasising that all recovered schools would soon be fully under the Commission’s control and rehabilitated to serve their original purpose.

FG Begins Formal Recovery of 157 Almajiri Schools for Nationwide Rehabilitation

Continue Reading

metro

Delta State Police Arrest Suspects in Killing of Retired Justice Ifeoma Okogwu

Published

on

Justice Ifeoma Okogwu

Delta State Police Arrest Suspects in Killing of Retired Justice Ifeoma Okogwu

The Delta State Police Command has made a significant breakthrough in the investigation into the murder of retired Justice Ifeoma Okogwu in Anambra State, arresting key suspects linked to the case.

Spokesperson SP Bright Edafe disclosed on Sunday that operatives of the Homicide Section of the State Criminal Investigation Department (CID), acting on credible intelligence, apprehended 25-year-old security guard Godwin Mngumi on 6 December 2025. Mngumi allegedly murdered the retired judge, and authorities also recovered the deceased’s mobile phone from him.

READ ALSO:

According to Edafe, Mngumi confessed to inviting a friend, Nnaji Obalum, and another accomplice — who remains at large — to the residence where the crime was committed. Obalum has since been arrested, while a manhunt continues for the third suspect.

The arrests mark a major step forward in the effort to bring all perpetrators of the high-profile murder to justice.

Delta State Police Arrest Suspects in Killing of Retired Justice Ifeoma Okogwu

Continue Reading
HostArmada Affordable Cloud SSD Shared Hosting
HostArmada - Affordable Cloud SSD Web Hosting

Trending