The chief of Naval Staff, Rear Admiral Usman Jibrin has disclosed that Nigeria loses about N1.18 billion to oil theft daily, leading to an estimated loss of about N433 billion to the country annually.

He explained further that due to surveillance of security agents at the waterways, about 100, 000 barrels of crude oil are stolen on the nation’s territorial waters.

Jibrin, who was speaking at the Senate when he appeared before the senators to defend the 2015 budget of the Navy before the Senate Committee on Defence (Navy), however attributed the information to Chatham House’s recent disclosure.

The view expressed by the Navy boss, who was represented by the chief of Logistics of the Navy, Rear Admiral Peter Agba, contradicts the position of the Ministry of Finance which stated that about 400,000 barrels of crude oil is stolen per day.

Read full story
http://monitor9ja.com/2015/03/oil-theft-nigeria-loses-n433bn-yearly-naval-chief/

We all know who d thieves are.

I don tire for dis people!!