KOKO Business · 9 Jan 2018
Nigerian lawmakers investigate fuel scarcity amid sector fraud allegations

Nigerian lawmakers recently initiated an inquiry into the persistent fuel shortages that have persisted despite multiple attempts to resolve the issue.
Kabir Marafa, Senate committee chairman for Petroleum, suggested significant fraud exists within the oil sector. However, lawmakers have not enacted a comprehensive industry bill for the sector after a decade.
Despite numerous accusations of fraud, the legislative body has not taken concrete steps to address the problem.
UNDC has requested an extension of the PINL contract based on reported oil production increases.
Nigerian lawmakers recently launched a probe into ongoing fuel shortages that have persisted despite repeated efforts to resolve them.
Kabir Marafa, Senate Petroleum committee chairman, indicated substantial fraud likely exists in the oil sector. Lawmakers have not passed a comprehensive industry bill for the sector after a decade.
Despite frequent fraud accusations, legislative action to fix the problem remains minimal.
UNDC seeks PINL contract extension following reported oil production gains.