Nigeria accuses fuel traders of $2.4 billion fraud

ABUJA (Reuters) - A Nigerian presidential committee said on Tuesday that fuel traders fraudulently collected 382 billion naira ($2.38 billion) last year in subsidy payments for fuel that was never delivered. The probe commissioned by President Goodluck Jonathan is the latest in a string of investigations into a petrol import subsidy that is rife with corruption and a massive drain on state ...
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Added July 24, 2012
from Yahoo Nigerian News