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Nigeria lost over N16.25trn to crude oil theft, sabotage in 10 years – NEITI

By Tony Obiechina, Abuja Nigeria lost over 619.7 million barrels of crude oil valued at $46.16bn or N16.25tn from 2009 to 2020 to theft and sabotage, the Executive Secretary of Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Ogbonnaya Orji has disclosed. This is tantamount to losing over 140,000 barrels of crude valued at $10.7m daily. ....

Abuja Federal Capital Territory , Tony Obiechina , Ogbonnaya Orji , Messrs Taju Audu Co , Nigeria Extractive Industries Transparency Initiative , Amedu Onekpe Co , Executive Secretary , Messrs Taju Audu , Amedu Onekpe ,