Buhari scraps fuel subsidy, cut petrol price to N85 per litre

Buhari scraps fuel subsidy, cut petrol price to N85 per litre

The Minister of State for Petroleum, Ibe Kachikwut announced on Friday that it has scrapped the Petroleum Support Fund, also known as fuel subsidy.

Speaking to journalists at the Port Harcourt refinery where he had spent Christmas inspecting the facility, the Minister of State for Petroleum, Ibe Kachikwu, said the government could no longer pay the subsidy due to the fraud tainting the scheme.

‘Dasuki helped Boko Haram with arms importation’

The former National Security Adviser, Col. Sambo Dasuki, has been allegedly named as one of the sponsor for Islamic insurgents, Boko Haram, aiding the group by importing illegal arms into the country.

This revelation was made by the National Task Force on Illegal Importation of Firearms (NATFORCE) on Tuesday, December 1, 2015, where it was also alleged that the arms were delivered to the terrorists.

Dasuki Points Ex-Governors, PDP Chiefs In $2b Deals

The former National Security Adviser (NSA) Sambo Dasuki who was arrested  by the Department of State Services (DSS) on Tuesday, December 1 is alleged to have made some astonishing revelations concerning the $2billion arms deal.

He has since been transferred to the Economic and Financial Crimes Commission (EFCC) and a Federal Government committee  who are now probing the case.  A source close to the EFCC said