Skip to main content

Who is stealing Nigeria 's oil ?

Nigeria , Africa 's richest economy , has always been
dogged by claims of oil -related corruption ,
transparency , and environmental damage . But
theft of oil is taking it to another level .
The country faces its worst oil crisis in years as
criminal gangs make off with billions in stolen
crude . Theft is no small matter for a country which
gets almost two-thirds of its revenue from the oil
industry .
Nigeria produced 2 . 25 m barrels of oil per day , but
around 400, 000 barrels of those are stolen -
meaning the government lost $ 8 bn in revenue last
year . And worse yet, independent think-tank
Chatham House believes money is even being
laundered through international banks.
With stolen oil , onsold to Asia, Latin America and
the US, as well as dirty profits for the criminals
and , some would say , corrupt figures within
government and industry , the process is
troubling .

Labels

Labels:

Comments

Post a Comment

most read

The People of Ipara Remo in Remo North LG.

Ipara Remo is a town in RemoNorth LG area in Remo division of ogun state, southwestern Nig. Ipara remo with a population of abt 30,000 people is a heterogenous community as it played host to people from different parts of our country Nigeria. It belongs to the group of those towns/communities where inheritance is basically patrilinea; people inherited property and status through their father's lineage and belonged to the father's family and community. It is one of the Remo towns that claim Origination and migration from Ile-ife. Ipara is in the northern part of Remo Division. You approach Ipara town from Saapade. It is a one road town. This is the old Federal road from Lagos – Sagamu – Ode Remo and from Saapade to Ipara. Ipara has boundary with Fidiwo a town-let in Obafemi Owode Local Government in the north. In the South-east, it has boundary with Isara and Ode-Remo. In the West, it has boundary with Obafemi – Owode farm-land with villages. Before the Lagos  Iba...
1 comment
Read more

Ebiripo: one of the best Ijebu Food

In spite of the fact that most of the Ijebu foods are tuber-related such as Ikokore, Ojojo, Ebiripo etc, the process of cooking these tuber varieties with special sauces makes them nutritionally rich and appropriate for all occasions. Ebiripo is a typical Ijebu cocoyam meal that can be cooked in various ways and spiced up to make a balanced diet. Cocoyam is purely carbohydrates and poor in other nutrients but many have now found ways to make the roots nutritious by adding soya beans while making Ebiripo. According to a study by Sowonola O. A. Et al, from the Federal College of Agriculture, Moor Plantation, Ibadan, Oyo State, “The combination of cocoyam and soyabeans in the processing of Ebiripo will bring about nutrient complement ability”. They submitted in their findings that Ebiripo fortified with 40% soya flour was significantly 28% higher in protein and 8.4% higher in fat than the other Ebiripo samples. Ingredients needed for a Nutritious Ebiripo Cocoyam Soya beans Ground fresh P...
Post a Comment
Read more

Tricycle Agreement form/Higher purchase

BETWEEN NAME HERE…………………………………………….OWNER of Aba North L. G. A. Abia State. AND NAME HERE…………………...……………………….HIRER of Osisioma L. G. A. Abia State. IN RE: CARTER MOTORCYCLE WITH REGISTRATION NUMBER KGE822 VALUED AT FOUR HUNDRED AND TEN  THOUSAND NAIRA (N410,000.00) DOCUMENTED BY: CHIKE EZE DANIEL ESQ., OF CAR HIRE & CO.,  IHDULE CHAMBERS, 8 AFIKPO ROAD, ABAKALIKI, HIRE PURCHASE AGREEMENT made this …………………………. day of …………………2014 BETWEEN NAME HERE of Chukwudi Umoh, of Aba north L. G. A. Abia State.  Nigeria (herein referred to as the “OWNER”) of the one part. AND NAME HERE of Azuiyiokwu Inyimagu,  Osisioma L. G. A. Abia State. State of ...
Post a Comment
Read more