Thieves steal $250m of Nigerian oil from one pipeline
7 hours ago
From the section Africa
Nigeria fuel queue
Image caption
Fuel shortages happen regularly in Nigeria
Thieves have stolen nearly $250m (£165m) of petrol from a single pipeline this year, Nigeria's state oil company says.
The Nigerian National Petroleum Corporation (NNPC) said half a billion litres were taken from the pipeline that runs north-east from Lagos.
Long queues have formed at petrol stations across Nigeria in recent days.
Governments blame pipeline vandalism and theft in the oil sector for fuel shortages and damaging the economy.
An NNPC subsidiary told a Senate committee that "incessant hacking" of the System 2B pipeline had "made the task of providing seamless flow of petroleum products to retail outlets more burdensome".
The pipeline stretches 250km from the financial hub Lagos to the city of Ilorin.
The company said it was working to resolve the issue.
"We have been pushing 35 million litres every day to the market and there's no reason why there shouldn't be fuel," said Esther Nnamdi Ogbue, managing director of the Pipelines and Product Marketing Company, a subsidiary.
She blamed "sharp practices" such as hoarding in some areas.
Nigeria is Africa's biggest oil exporter, but a lack of refining capacity means drivers rely on imports and fuel shortages happen regularly.
In May the country was brought to a virtual standstill after importers shut depots over subsidy payments.
President Muhammadu Buhari has been urged to scrap the subsidy scheme, which critics say is rife with corruption, but a previous attempt to stop the payments led to violent mass protests in 2012.
However, in August NNPC managing director Emmanuel Kachikwu said the subsidies were an unsustainable drain on the economy, which has suffered as global oil prices have fallen.
Nigerian President, Muhammadu Buhari, arrives for his Inauguration at the eagle square in Abuja, NigeriaImage copyrightAP
Image caption
President Buhari has remained in personal control of the oil ministry to fight corruption

i doesnt think this guys are serious about paying 5000 next year.
oloshi!

The weed you smoke has shrunk your brain.
...anything that comes out of it is vomit.

Mind your speech. For my country where I come from every body is a criminal who the law cut is the thief.

This shouldn't be news OP..we already know buhari as a thief and 419 since before 1960

hn

em

Fake news

This old news from may this year, you come post like say na new story, many here did not even read the story to the end, check the end you will see that the news was before inauguration, ,mumu op

Well, I know he's a crook and I also know that he has a way of deceiving his gullible arse lickers..

This op needs urgent attention, please inform the family.

haters and fake news just like breast and nipple

all of you that say this is fake news,
your father!
this news is direct from bbc international service not bbc hawusa or bbc yoruba or bbc yeeboe

What? !

tinubu nd buhari na APC as a whole is a shame their own downfall will be worst than PDP cs PDP re better in playing politics,yes dy re very corrupt yet u tend 2 see them work during PDP regime salaries wer paid on tym but buhari tym na travelling he is into as if dy vote am 2 tour round dy world