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 .
Comrade Adams Aliyu Oshiomhole ShareThis Adams Aliyu Oshiomhole was born on April 4, 1952 in Iyamoh, near Auchi in today's Edo State. He was born into the humble family of Alhaji Aliyu Oshiomhole of blessed memory and Alhaja Aishetu Oshiomhole. After his secondary education, Adams Oshiomhole proceeded to the Ruskin College, Oxford where he majored in economics and industrial relations. He is also an alumnus of the prestigious National Institute for Policy and Strategic Studies, Kuru. In 1969 before his tertiary education, he had taken up appointment with the Arewa Textiles Company. He was inspired to play an active role in the union because he was not satisfied with the quality of the union's leadership. Oshiomhole's other colleagues in the textile factory elected him as the union secretary after a shop-floor revolution, which he helped to organize. He became a full time trade organizer in 1975. In 1982, Adams Oshiomhole was appointed by the National Union of Textile Ga...
Comments
Post a Comment