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The resolution was passed during plenary session on Wednesday, following the adoption of a motion of urgent public importance sponsored by Abubakar Yalleman, lawmaker representing Kaugama/Mallam Madori federal constituency.
While moving the motion, Yalleman referred the house to a newspaper report of February 14, 2021, that drew national attention to the “unfortunate details of how Nigeria’s crude oil is being stolen or diverted daily.”
The lawmaker noted that: “essentially, almost half of the 10.9 million barrels of crude oil allocated for domestic supply between June 2018 and July 2019 as reported by the NNPC is either stolen or diverted.”
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“The average price for Nigerian crude oil in 2018 was $65 which means that the unaccounted volume may have denied the country USD339 million at a time of acute revenue deficit,” he said.