U.S. $ 7 Billion Lost Annually to Oil Theft in Nigeria

According to a report released by the International Energy Agency, an energy policy advisor to the industrialised countries, Nigeria's Federal Government as well as local and international oil companies operating in the country lose an estimated U.S.$7 billion or N1.05 trillion to oil theft annually.

Photo: Vanguard

Oil vessel impounded by Joint Military Task Force.

  • Nigeria:  Oil Theft - EFCC Arraigns 11 in Bayelsa

    Daily Trust, 13 November 2012

    The Economic and Financial Crimes Commission (EFCC), today said it arraigned eleven persons on a two count charge bordering on illegal dealing in petroleum products at a Federal ... read more »

  • Nigeria:  Oil Theft - JTF Indicts Niger Delta Monarchs, Leaders

    Leadership, 13 November 2012

    The Joint Military Task Force codenamed "Operation Pulo Shield" yesterday announced that a series of intelligence reports on the activities of oil thieves and operators of illegal ... read more »

  • Nigeria:  JTF Winning War Against Oil Theft - Commander

    Daily Trust, 13 November 2012

    The Joint Task Force (JTF) operating in the Niger Delta says it is recording successes in the war against crude oil theft and illegal bunkering in the region. read more »

  • Nigeria:  We Are Winning War Against Oil Theft, Illegal Bunkering in Niger Delta - Jtf

    Vanguard, 12 November 2012

    The Joint Task Force (JTF) operating in the Niger Delta says it is recording successes in the war against crude oil theft and illegal bunkering in the region. read more »

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