₦airaland Forum

https://www.youtube.com/watch?v=-JsBBhJ9L6Y

How Government Steal Oil - Peter Obi Exposes Crude Oil Theft In Nigeria (Video)

Labour Party's presidential candidate, Mr Peter Obi has revealed how Nigeria's crude oil is being stolen by Nigerian government officials, IGBERETV reports.

Addressing his supporters at a recent event, he said that out of all the OPEC countries, only Nigeria was not meeting its supply quota while other countries were angling for more.

In July Nigeria did not supply 717,000 barrels per day out of its 1.8 million bpd quota.

He stated that this amounted to lost revenue of $22,227,000 daily at the rate of $110 per barrel which in a month totaled over $2.4Billion.

Using an average exchange rate of N550, this amounted to in excess of one trillion lost in the month of July alone.

Yet he revealed that N1.6 trillion was Nigeria’s Jan-Apr. income while it incurred N4 trillion expenditure resulting in over N3 trillion deficit.

Obi declared that this was not oil bunkering but “Official stealing” not just by “ship in territorial waters”.

envoymedia:
Using an average exchange rate of N550, this amounted to in excess of one trillion lost in the month of July alone.

Yet he revealed that N1.6 trillion was Nigeria’s Jan-Apr. income while it incurred N4 trillion expenditure resulting in over N3 trillion deficit.

Obi declared that this was not oil bunkering but “Official stealing” not just by “ship in territorial waters”.
https://igberetvnews.com/1428744/government-steal-oil-peter-obi-exposes-crude-oil-theft-nigeria-video/

Hmmmm Obi abeg do come make we retire these people

It was only when you spoke and moved that they remembered one transformer for 7 years a serious government no know say him need transformer, na 2022, them remember

Peter Obi is truly here to redefine Nigeria!

PraizHim:
I have worked in many Nigerian Oil production platforms and export terminals. It is organized in Abuja by Government agencies ( NNPC, DPR, MINISTRY OF FINANCE, NAVY and cargo surveying agencies) and executed in the export terminals.

Simple truth and if you make an example of one or two of these criminal groups, the theft will stop immediately.

GardenOfGod:
He's a dreamer

JAGS001:
The incoming president of Anambra, i hope you're not referring to this Nigeria wey me i dey sha
He knew that oil where been stolen but he didn't expose the theft when he was the SA of former president GEJ??
Lol