The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari , said the Federal Government removed subsidy on petrol because of fraud .
Kyari said some cabals which he failed to identify perpetrated the fraud in the oil industry .
The NNPC boss also said over N10 tn was spent on fuel subsidy between 2006 and 2020 without significant impact on the Nigerian masses .
He said the beneficiaries of the fuel subsidy regime were the marketers who smuggled the subsidised product to neighbouring countries.
These marketers, he explained , made more profits with fake documents to collect subsidy for fuel they never imported .
The NNPC GMD spoke in an Hausa programme on Liberty FM, Kaduna , monitored on Saturday .
He said fuel subsidy was the root of all the atrocities and frauds in the oil sector.