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EX EFCC CHAIRMAN BAWA EXPOSED FUEL SUBSIDY SCAM IN HIS NEW BOOK.
Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), has released a groundbreaking new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’.
This powerful exposé provides the most authoritative account yet of Nigeria’s multi-trillion-naira fuel subsidy scandal, unraveling the inner workings of one of the country’s most pervasive financial crimes.
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.
In the book, Bawa details multiple fraudulent strategies including:
Ghost importing and over-invoicing: Companies submitted claims for fuel that was never imported or inflated shipment volumes to receive excessive subsidy payouts.
Manipulation of bills of lading: By altering shipping documents, fraudsters exploited international price fluctuations to claim higher subsidies.
Round-tripping and double claims: Single shipments were often used to obtain multiple subsidy payments.
Diversion and smuggling: Subsidised fuel was frequently diverted to black markets or smuggled out of Nigeria for profit.
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,” says Bawa. “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 rare credibility and insight into the institutional challenges and political dynamics that have shaped the anti-corruption fight in Nigeria. His 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.
God bless President Bola Tinubu for the removal of fuel subsidy. If not by now, Nigeria could have been totally bankrupt as a result of the fuel subsidy scam.
News
I Was Bullied Into Supporting Tinubu – Nollywood Actress, Bimbo Akintola Opens Up (Video)
Bimbo Akintola, the Nollywood actress, has explained why she remains a steadfast supporter of President Bola Ahmed Tinubu.
The movie star, who supported Tinubu during the last election, explained that she increased her support for the then-APC candidate because an opposition supporter bullied her over her choice of Tinubu.
She claimed that her increased support for Tinubu was to spite her bully.
Speaking in a recent episode of With Chude, Akintola urged Nigerians to respect other people’s political choices and opinions.
“I supported President Bola Ahmed Tinubu during the last election because somebody annoyed me with their bullying.
“Nigerians are annoying. Don’t bully other people. We have our rights to differences of opinion. You don’t like this man [Tinubu], cool, you have the right not to like him. You prefer this person, good for you. But don’t bully others.
“They bullied aunty Joke [Silva] to the point that someone wrote something that was so inhumane. So, I made a video and said, ‘I’m also supporting Tinubu, kill me, let me see if you can change my mind.’
“We need to stop bullying. We need to agree that we can never agree with everybody. That’s what makes us great and beautiful. If we are all the same, it would be a boring life. Till tomorrow, you might not agree that he was the best person for the job, but at that point, that was who I wanted, that was who I voted for. You can’t take my voice away from me; it’s mine,” she expressed.
https://www.instagram.com/reel/DR6h0WDjX-X/?igsh=MmM4anZ1eHZmang4
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Youths development Advocacy of Nigeria join journalist to tour the Tiger base facility
………Calls for calmness and disclaim falsified narratives
The people of Imo State are uniting against false narratives surrounding the Anti-Kidnapping Unit, also known as Tiger Base. This esteemed unit, led by ACP Oladimeji Adeyeyiwa, is committed to safeguarding our state from heinous crimes.
Situated in a secure facility equipped with state-of-the-art CCTV cameras, Tiger Base exemplifies transparency and accountability. The tireless efforts of CP Aboki Danjuma and his team have created a safe environment for residents to enjoy nightlife.
Our visit to the tiger base gave us the opportunity to ask questions surrounding the false speculation and the numerous misleading information. We are fighting in collaborative effort with the security agencies to shutdown propaganda that could incite crisis in our peaceful state.
Imo State has witnessed a significant decline in kidnapping cases, a affirmation to the collaborative efforts of our security agencies and government. This progress is a source of pride for our community.
The Youth development Advocacy of Nigeria, Imo State Chapter applauds the dedication of our security personnel and encourages continued support for their endeavors. By working together, we can build a brighter future for our state.
As Youths, we must be vigilant against misinformation and promote a culture of peace and security.
Our collective efforts will shape the future of Imo State. Let’s strive for a state where our children can grow up in safety, our businesses flourish, and our people live without fear.
Imo State has the potential to be a model of stability and progress in Nigeria. Let’s harness our collective energy to achieve this vision. The Youth Development Advocacy of Nigeria, Imo State Chapter is available to partner with any agencies for the development of our youths.
Chinedu Brown Akueweghiro
Youth Development Advocacy of Nigeria, Imo State Chapter
08160575645
News
There Will Be No More Negotiation Or Ransom Payment To Terrorists — New Defence Minister, Gen Musa Declares
Gen. Christopher Musa, the Minister of Defence, stated on Thursday that there should be no negotiations with, or ransom payments to, terrorists in the country.
He also said Nigeria’s fight against insecurity would remain ineffective until the country established a unified national database that captured every citizen and linked all security, banking and identity systems together.
General Musa stated these during his screening as minister by the Senate.
Musa’s screening happened on a day the House of Representatives sought open and transparent prosecution of all terrorism-related cases as an effective way of combating the high rate of violent crimes in Nigeria.
This is even as the Senate yesterday moved to tighten Nigeria’s anti-kidnapping laws by pushing for the de@th penalty for kidnappers and anyone financing, enabling or providing information to terrorists and kidnappers, as lawmakers debated amendments to the 2022 Terrorism (Prevention and Prohibition) Act.
Speaking during his ministerial screening in Abuja, General Musa maintained a firm stance that government at all levels must enforce a total ban on ransom payments and negotiations with terrorists, warning that such actions only empower criminals.
“There is no negotiation with any criminal. When people pay ransoms, it buys terrorists time to regroup, re-arm and plan new attacks. Communities that negotiated still got attacked later,” he said.
He added that ransom money could be digitally monitored, insisting that Nigeria’s banking system had the capability to trace financial flows connected to crime if fully activated.
The retired general stressed that military operations represented only 25–30 per cent of the counter-insurgency effort, adding that poverty, illiteracy, poor governance and weak local government structures continued to feed criminal activities.
He challenged state and local government administrators to take responsibility for community-level intelligence and early intervention, noting that security agencies alone could hardly shoulder the entire national burden.
Musa criticised Nigeria’s slow justice system, especially the prolonged trials for terrorism and kidnapping, saying the delays weakened morale within the armed forces.
“In some countries, terrorism cases are handled decisively. Here, cases drag for years. It discourages security forces who risk their lives to make arrests,” he said.
He recommended urgent legal reforms, including special terrorism courts, stronger penalties and accelerated hearings.
Maritime crime, cultism, illegal mining heightening threats
He raised alarm over renewed criminal activities across the maritime corridors linking Akwa Ibom to Cameroon, warning that sea robbery, piracy and coastal kidnappings were resurfacing.
He confirmed that Operation Delta Safe had been expanded to cover previously quiet zones now experiencing infiltration.
Musa also called for a total ban on illegal mining, which he described as a major financing stream for armed groups operating in forest belts across the country.
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GOVERNOR FUBARA APPOINTS COUNCIL MEMBERS FOR KEN SARO-WIWA POLYTECHNIC BORI
