neiti:

The Nigeria Extractive Industries Transparency Initiative (NEITI) has given possible reasons why widespread theft of Nigeria’s crude oil and refined petroleum products may not end soon.

NEITI, which recently disclosed that approximately 488.6 million barrels of crude oil and 4.2 billion litres of refined petroleum products worth $40.06 billion and $1.84 billion respectively were lost by the country between 2009 and 2018, explained that a number of existing reasons and challenges suggest the practice could go on for a while.

It hinted that already, the numbers for stolen oil in the first quarter of 2019, surpassed the total volume stolen …