Monday, 23 September 2013

Nigeria Looses 100,000 Barrels Per Day to Oil Theft .

Nigeria Looses 100,000 Barrels Per Day to Oil Theft .
According to Chatman House Nigeria Looses 100,000 Barrels Per Day to Oil Theft that is like 5% of the Total Output See how they Put it ;


Nigerian crude oil is being stolen on an industrial scale. Nigeria lost at least 100,000 barrels of oil per day, around 5% of total output, in the first quarter of 2013 to theft from its onshore and swamp operations alone. Some of what is stolen is exported. Proceeds are laundered through world financial centres and used to buy assets in and outside Nigeria, polluting markets and financial institutions overseas, and creating reputational, political and legal hazards. It could also compromise parts of the legitimate oil business.

Can Naija Be better Hehe This People Want to Finish Us o.

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