“We never traded in Premium Motor Spirit (PMS) and as such could not have claimed for subsidy under the Petroleum Subsidy Fund scheme,” Otedola stated. He explained that PMS was the only product eligible for claims under the subsidy scheme, while diesel had long been deregulated. Otedola also insisted that far from being complicit in subsidy fraud, he was among the first to expose it during the Jonathan era. That alone should question the motive of Umar Sani for his most recent publication on this matter,” he said. The controversy follows Otedola’s recent intervention in the dispute between the Dangote Petroleum Refinery and fuel marketers, where he criticized members of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) over alleged subsidy fraud and obsolete practices.