Oil importers, banks defrauded the govt – Buhari

President Muhammadu Buhari has said oil importers colluded with banks over the years to defraud the government.

Buhari said this while speaking about the oil subsidy and corruption during an interactive session in Berlin with representatives of the Nigerian Community in Germany.

The President said Nigerians have greatly supported his administration’s fight against corruption.

“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.

He also said oil marketers in conjunction with commercial banks have continuously robbed the government of oil revenues.

“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.

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