Mr. Ledum Mitee
The Nigeria Extractive Industries Transparency Initiative (NEITI) Monday painted a worrisome picture of the effects of oil theft on Nigerian economy, saying the nation has lost over 136 million barrels of crude oil estimated at $10.9 billion through pilfering and sabotage from 2009 to 2011.
According to the organisation, in addition to the total amount of products and revenue lost to crude oil theft by the country in the upstream sector, about 10 million barrels of products, valued at $894 million, were also lost to pipeline vandalism in the downstream sector within the period under consideration.







