How cartel presented water as petrol to justify bloated subsidy 'Adulterated petrol to flood market soon

It has been revealedthat the N1.3 trillionclaimed as subsidy by the Federal Government is a bloated figure and a product of endemic corruption among stakeholders in the downstream sector of the oil industry.A source in the sector told the Nigerian Tribune how the cartel earlier fingered as beneficiaries of the subsidy found willing collaborators in those saddled with the responsibility of inspecting imported fuel before it is discharged at depots to fleece the country.According to the highly placed source, fuel importers filled up vessels with water, disguised as petrol and kerosene and claimed to be bringing hundreds of such vessels from abroad on daily basis to justify their claim of huge amount of money as what the government was spending to reduce the price of the products.'Water is loaded in vessels and officials of Customs, State Security Service (SSS), Department of Petroleum Resources (DPR), Petroleum Products Pricing and Regulatory Agency (PPPRA) and other stakeholders would inspect these vessels and certified that they contained petrol or kerosene.'What they (the cartel) also did was to take vessels from Lagos to Port Harcourt and bring them back to Lagos as imported fuel from foreign countries to collect huge money from the government. When will this nation grow if it is being run this way'' the source queried.Speaking further, the source expressed the fear that adulterated petrol might begin to flood the country soon because of the profiteering motive of members of the cartel.
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