Nigeria lost $22 billion, about N3.8 trillion to trade misinvoicing and other anomalies in the petroleum sector in 10 years, between 2002 and 2011.
This, according to a report released yesterday, titled, the '2014 Nigeria Natural Resource Charter (NNRC) Benchmarking Report', is due partly to weak cost regulation in the oil and gas sector.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article