- Chief Femi Falana (SAN) has said about 60.2 million barrels of crude oil were stolen from Nigeria between 2011 and 2014
- The human rights lawyer said the stolen product passed through the Philadelphia Port in the United States of America
- He made the comment at the 40th anniversary of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)
Human rights lawyer, Chief Femi Falana (SAN) on Thursday, October 18, said about 60.2 million barrels of crude oil were stolen from Nigeria between 2011 and 2014.
Falana made the statement at the 40th anniversary of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
He noted that the stolen product passed through the Philadelphia Port in the United States of America.
His words: “The Nigerian Maritime Administration and Safety Agency (NIMASA) commissioned a study about seven years ago concerning millions of barrels of crude oil that leave Nigeria unaccounted for.
“The study found that between January 2011 and December 2014, 60.2 million barrels of crude oil left Nigeria that were not recorded, but were recorded to have been discharged at the Philadelphian Port in the U.S.
“It revealed that the value of the stolen oil amounted to $12.7 billion. That was oil discharged in just one port. We have identified the oil majors that were involved and we have also identified the shipping company.
“But since 2014, we have been begging the Federal Government to recover the money and nothing has been done. The money lost in U.S, India, China and other ports where our oil is discharged exceeds $100 billion.
“We wrote a petition to the Economic and Financial Crimes Commission (EFCC) that while they are busy recovering small money from politicians, this is the real money available to Nigeria, but unfortunately, no action has been taken.”
While urging the Nigeria Labour Congress (NLC) and the labour movement to lead the battle for recovering outstanding crude oil proceeds, Falana said Nigeria is also losing huge revenues due to the non-implementation of Offshore and Inland Sharing Formula Act enacted in 1999 but was backdated to 1993.
Falana had earlier revealed that not less than $12.7bn crude oil was siphoned from the nation's treasury within a period of three years through illegal oil sales.
He also charged PENGASSAN to cooperate with the anti-graft agencies in the country for the recovery of the siphoned funds.

Source ; https://www.legit.ng/1199158-60million-barrels-crude-oil-stolen-nigeria-falana.html