Nigeria loses N625 billion yearly to oil theft

THE Commission For Africa (CFA) has urged the Federal Government to stop the yearly theft of an estimated N625 billion (
The above were contained in the CFA’s report on the All Party Parliamentary Group (APPG) delegation’s evaluation of the Niger Delta.

The huge national loss, the report said, is occasioned by the organised pilfering from the massive pipeline system and high sea deals of between 100,000 barrels to 200,000 barrels through bunkering.