Monday 11 May 2015

$400BN OIL REVENUE STOLEN SINCE INDEPENDENCE, SAYS UK FIRM

A global crude industry security watchdog, IRN Security, has put the amount of oil revenue Nigeria has lost to either mismanagement or theft since independence at $400 billion.
$400bn oil revenue stolen since independence, says UK firm
The United Kingdom-based company, in a report released at the weekend, however, said Nigeria had raked in over $600 billion from oil within the same period. Nigeria, Africa’s biggest crude exporter and seventh in the Organisation of Petroleum Exporting Countries (OPEC), produces 2.2 million barrels per day.

Read more @ New Telegraph

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