There is a report revealing how top Nigerian government officials and security personnel were involved in oil theft and illegal oil bunkering in the Niger Delta region. Oil theft has resulted in significant losses for Nigeria, one of Africa’s biggest economies. The illegal activities have also affected monthly revenue remittance to the federation account. The report titled “Nigeria’s Criminal Crude: International Options to Combat the Export of
There is a report revealing how top Nigerian government officials and security personnel were involved in oil theft and illegal oil bunkering in the Niger Delta region.The illegal activities have also affected monthly revenue remittance to the federation account.Stolen Oil” was published in 2013 by Christina Katsouris and Aaron Sayne.It read, “Illegal bunkering of Nigerian crude oil probably started in the late 1970s or early 1980s, when the country was under military rule.
A typical briefcase company is owned by one or more private individuals acting as a ‘front’ for top political office-holders and power-brokers. Traders and refiners say they receive regular calls from little-known Nigerians offering oil, often on suspect terms. A growing number appear to be businessmen and elites from the Niger Delta. Seasoned buyers spot most such offers as ‘419’, the work of advance fee fraudsters. But at least some of the middlemen have real oil to sell.
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