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 .
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 ...
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