Between January and July 2024, Nigeria lost an average of 437,000 barrels of crude oil daily, worth about $10bn due to theft, vandalism, and other criminal activities, the House of Representatives declared on Thursday. ..Read Full Article
As a result, the House of Representatives Special Committee on Oil Theft and Losses commenced investigations into the illegal lifting of crude oil in Nigeria, as the Senate summoned the Nigerian National Petroleum Company Limited, Dangote Petroleum Refinery, and other major stakeholders in the oil sector for interrogation.
The Senate vowed to expose those responsible for economic sabotage and the importation of toxic fuel into the country.
At the House of Representatives, the event which was declared open by the Speaker, Tajudeen Abbas, was attended by the Chief of Defence Staff, Chief of Army Staff, Chief of Air Staff, and Inspector-General of Police, who were all represented by senior officers, accompanied by men drawn from the military formations..…Read More
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