The federal government has asked Britain for help to
tackle a multi-million dollar oil theft business which is run by international
crime syndicates, Minister for Petroleum Resources, Diezani Alison-Madueke said
on Tuesday.
tackle a multi-million dollar oil theft business which is run by international
crime syndicates, Minister for Petroleum Resources, Diezani Alison-Madueke said
on Tuesday.
Oil ‘bunkering’ — hacking into pipelines to steal crude then
refining it or selling it abroad — is costing Nigeria a fifth of its two
million barrels per day output, government and international oil companies say.
refining it or selling it abroad — is costing Nigeria a fifth of its two
million barrels per day output, government and international oil companies say.
“The products from bunkering are not sold in (West Africa), neither are
the financial outputs … laundered in West African banks, they are ending up
in far flung international fiscal institutions,” Diezani Alison-Madueke
told an industry conference in Abuja.
“Mr president has begun to reach out with his colleagues around the world.
A discussion was held with the prime minister of Great Britain on Monday a week
ago and they are all coming on board to help sort out this particular
menace.”
Source: BusinessDay
