Nigeria: The mystery of the missing fuel

The ad-hoc committee investigating the petroleum subsidies saga continues to unravel one bombshell after the other. The lastest discovery is that Nigeria over-imported petrol on a daily basis to the tune of 24 million litres in 2011. The difference between fuel consumed and fuel imported is 24 million liters. Nigeria pays subsidy on this 24 million litres that is not even utilised by Nigerians.