The Senate on Wednesday at plenary was chilled by a shocking revelation that corrupt Nigerians are hiding stolen money in caskets and uncompleted buildings in villages in some parts of the country.
The Senate made the discovery during the consideration of a motion moved by Senator Dino Melaye.
The motion was tagged: ‘Discrepancies in Subsidy Payment and Non-remittance of Funds by the NNPC to the Federation Account’.
Senator Melaye, who made the shocking claim, is yet to provide substantial proof to support its claims.
“Monies are not accounted for and that might be the reason why we now see petro-dollars buried in caskets and uncompleted buildings in remote villages in some parts of the country”, he claimed.
Melaye, had in a point of order on Tuesday, drawn the attention of the Senate to the refusal of the federal government to probe the Nigerian National Petroleum Corporation (NNPC), which he said, got 51 out of 100 per cent share of companies sanctioned to import petroleum products into the country.
The lawmaker had alleged that all the oil marketers currently facing trial over alleged subsidy fraud only constitute 49 per cent of imported refined products.
He said, “Surprisingly, you (Saraki) are one of those who raised the issue of subsidy in the 7th Senate. The federal government is prosecuting marketers and these marketers only constitute 49 per cent of imported refined products. The NNPC is responsible for the importation of 51 per cent.
“While we are prosecuting the independent marketers, whose proceed from subsidy is about N3.83 trillion, NNPC collected a total of N5.1 trillion on subsidy and this has never been investigated.
“This has never been looked at and we are busy chasing independent marketers. The time to look at the books of NNPC as regards petroleum subsidy is now.