Nigerians are a rare breed — at once contemptuous of their country and fiercely defensive of it. When arguing among themselves, Nigerians criticise their country viciously as if the country means nothing to them. Well, it doesn’t— because it hasn’t bothered to achieve an emotional bonding with the younger generation who account for three-quarters of Read More…
According to a Senate report released on Tuesday, Nigeria lost more than $2 billion to oil theft in the first eight months of this year. Large-scale theft from Nigeria’s pipelines has slowed exports, forced some businesses to halt production, destroyed the nation’s finances, and forced Nigeria to relinquish its position as Africa’s top oil producer. Read More…
At the rate Nigeria’s patrimony is being pillaged by known and unknown but well connected rats, the Guinness Book of Records will have to be updated to recognise our frog leap to primacy in thievery. Imagine, the Antwerp diamond heist used to be considered one of the largest robberies in history in which loose diamonds, Read More…
Speaker of the House of Representatives, Femi Gbajabiamila, said on Tuesday that crude oil theft in Nigeria, which is blamed for throttling output and exports, is tantamount to treason that should be punished by the stiffest possible penalty. Oil production fell below 1 million barrels per day in August, figures from NNPC show. Gbajabiamila said Read More…
President Muhammadu Buhari says crude oil robbery must be addressed. He made the statement during the inauguration of the Presidential Committee on National Economy which he initiated in his office on Friday. Acknowledging the impact of the nuisance on the nation’s revenue exchange, the President reminded them that production of crude oil owing to economic Read More…
Nigeria’s President Muhammadu Buhari cried out on Friday over large-scale crude oil theft. He said it was affecting the country’s revenues “enormously”. Nigeria lost $1 billion in revenue during the first quarter of this year due to crude theft, the oil regulator has said. Nigeria is unable to meet some of its financial obligations to Read More…
