I just saw this post by a friend n felt like sharing.
Subsidy probe drama.

Enjoy the Drama!!!

Hon.Farouk Lawan: what is Nigeria’s daily fuel consumption?
Dieziani: 52million Liters
NNPC: 35m liters
DPR: 43m liters
PPPRA: 24M liters
Okonjo: 40M liters
Hon.Farouk Lawan: What was the subsidy for 2011?
Dieziani: 1.4Trillion
Okonjo: 1.3Trillion
CBN: 1.7Trillion
Hon.Farouk Lawan: Can we have the KPMG REPORT?
Okonjo: I have to go through the report first
Dieziani: I have not seen the report
Hon.Farouk Lawan: What is the production capacity of our local refineries?’
NNPC: 30%
PPPRA: 20%
DPR: 13%
Dieziani: 15%
Hon.Farouk Lawan: Does Nigeria pay subsidy on locally refined Products?
Dieziani: it depends
NNPC: The lay man cannot understand how it’s done
PPPRA: yes
DPR: No
Hon.Farouk Lawan: Why is Kerosene still scarce?
Dieziani: Because its use by the aviation industry as aviation fuel
NNPC: Because there is no subsidy so NNPC overstretched its resources
PPPRA: it’s not properly deregulated
Hon.Farouk Lawan: what is the balance in the subsidy accounts?
Diezieni: it’s a virtual account
NNPC: There is no account in existence as the lay man will look at it
PPPRA: The account is a technical one
CBN: There is no account with us for subsidy
Okonjo: The account exists but not with a bank. Hmm, subsidy account is virtual, that says its not a Reality but imagination. So Tam David west is right when He said there is no "Fuel subsidy".