$1.8bn fuel stolen from refineries in nine years says NEITI

07/16/2024 7

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Ogbonnaya Orji, has disclosed that the country lost $1.84bn worth of petroleum products from refineries in nine years.
Orji stated this at the opening ceremony of the 2024 NEITI board retreat/meeting in Lagos.
According to him, 4.2 billion litres of petroleum products were lost from the refineries as a result of oil theft between 2009 and 2018, and this was estimated at 140,000 barrels per day.
Orji hinted that NEITI did a report and made recommendations on the ways to stop oil theft in Nigeria, urging the current administration to look into the report and implement the recommendations.

Written by: bossgmsi

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07/16/2024 7