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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 .

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