Nigeria accuses fuel traders of $2.4 bln fraud

ABUJA (Reuters) - A Nigerian presidential committee said on Tuesday that fuel traders fraudulently collected 382 billion naira 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 finances. "The first ...
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Added July 25, 2012
from Yahoo Nigerian News