FG lost $46.16bn to oil theft in 11 years –NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has thrown its weight behind the decision of the federal government to set up a ‘Special Investigative Panel on Oil Theft and Losses in Nigeria’, noting that oil theft has robbed the country a whopping $46.16 billion in revenue between 2009 and 2020. NEITI in a statement described … [Read more…]