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Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) Engineer Elias Mbam has said that the Federal Government overinflated the amount of money it spends on subsidising petroleum products. Speaking when he appeared before the Rep Faruk Lawan-led House of Representatives ad-hoc committee on investigation of the subsidy regime yesterday, Engineer Mbam said the whole subsidy regime was shrouded in secrecy, fraud and corruption. view full text
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