Why are people in business and finance talking about Abdulrasheed Bawa's new book on Nigeria's petrol subsidy fraud?

Updated June 6, 2025 • 1-min read

Posted by Anonymous

Jun 5, 2025

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abdulrasheedbawaBusinessNigeriacorruptionfuel-subsidy

1 Answer

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Posted by Anonymous - Jun 5, 2025

Straight up, Bawa’s book is blowing up because he’s basically pulling back the curtain on one of the biggest money scandals in Nigeria’s business history. Everyone in finance—investors, analysts, even regular business folks—want to understand how trillions could just disappear. I remember reading about how companies and even government insiders worked the system with stuff like ghost importing (making up fake shipments!), double-claims, and crazy over-invoicing. It’s next level stuff. What makes it wild is that it’s not some random rumor—it’s coming right from the guy who led the main investigation. That’s probably why business circles are buzzing: this is an insider telling all the secrets. Plus, with Nigeria’s economy super tied to oil, knowing how the subsidy scam went down matters for anyone doing business in or with Nigeria. It’s like, if these types of scams can happen, what else should you watch out for in business deals here? People are hoping the book can help push some real reforms, too. I’m actually pretty hyped to see if it changes anything!

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