NEITI: Nigeria lost $42bn to oil theft in 10 years


The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised the alarm that in the last 10 years, crude oil and refined products worth the sum of $42 billion were stolen from the country.

This was contained in a Policy Brief titled ‘Stemming the Increasing Cost of Oil Theft to Nigeria’ released and made available to newsmen by NEITI’s Director, Communications and Advocacy, Dr. Orji Ogbonnaya Orji yesterday in Abuja.

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