The leadership of the Nigerian Senate of the 8th Assembly has frowned out the illegal payment of fuel subsidies running into billions of naira.
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The Senate has declared the current payments by the Nigerian National Petroleum Corporation for subsidy of premium motor spirit (petrol ) illegal .
It asked the corporation to refund the sum of N 216 bn spent for the purpose in 2017 under the guise of “operational costs” into the Federal Government’s coffers .
The legislature also asked the corporation to stop further payment of the subsidy , while asking it to pay the arrears owed fuel marketers .
The legislature also resolved to legalise the payment by including it in the 2018 budget .
They also called for sanctioning of the officials involved in the illegal payments .
The Committee on Public Accounts made the recommendations in its report on the investigation into the illegal subsidy payments , which was adopted by the Senate at the plenary on Thursday.