Mismanaged Fuel Subsidy Money, Source Of Terrorists Funding – Saraki

Former Kwara State Governor, now, sitting senator, Bukola Saraki, has said oil theft, shady deals by government officials and mismanagement of funds accruing from the removal of petroleum subsidy are means through which illegal activities, including Boko Haram insurgency, are funded. Saraki made the statement on his Twitter handle@bukolasaraki on Tuesday. He said the terrorists group could be stopped if their accesses to such slush funds were blocked.

“To stop Boko Haram, I have always said we must block their source of funding. Block the leakages from oil theft to shady government deals; over one trillion naira was mismanaged with fuel subsidy fraud. No doubt some of this fund has been channelled to illegal activities like terrorism.”

The nation was alerted to the massive fraud in the fuel subsidy regime by the lawmaker (Saraki), of which he claimed he is being hounded and labeled President Goodluck Jonathan's hater. Saraki said: “When I exposed the fuel subsidy fraud in 2011, they said “Saraki hates President GEJ,today N5 billion recovered, 40 arrested."

Saraki has equally been accused of mismanaging and illegal diversion by the Economic and Financial Crimes Commission, EFCC, of state funds during his tenure as governor.

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