How Banks, Oil Marketers Defrauded Buhari

President Muhammadu Buhari has said that Nigerians’
understanding of his anti-corruption fight was why the removal
of oil subsidy did not prompt public disturbance.
Speaking for the first time since after the development five
months ago,
Buhari said his administration had been greatly encouraged by
the uncommon support from Nigerians in the fight against
corruption, as well as initiatives aimed at stimulating the

The President, who spoke during an interactive session in
Berlin with representatives of the Nigerian Community in
Germany, promised that his administration would reciprocate
the gesture by strengthening critical institutions needed for
sustainable development and prosperity.
“We are working hard to empower our institutions especially
our educational institutions.

“If you educate a person that is the best you can do for him
but if not you make him susceptible to religious, ethnic,
negative thinking and action.

“Nigerians are virtually supporting us in our fight against
corruption, security and the economy.
“There are things that are happening, which if such had
happened before there would have been major riot, like the
removal of subsidy on fuel,” he said.

Referring to the “Rolls Royces,” recently discovered in the
homes of certain government officials as a clear reference of
the rot in society and the fact that the war against corruption
in the country is working, President Buhari also told Nigerians in
the Diaspora that it was regrettable that over the years oil
marketers had colluded with banks to defraud Nigeria of much
needed revenue from the commodity.

“One third of the activities of the oil marketers are fraudulent,
you can see how some of us Nigerians are wicked.
“They just take the money, stamp some papers without
bringing the product and this fraudulent activity was between
bankers and businessmen,” he said.