The Abuja School
Introduction:
Crude oil theft is the illegal siphoning or tapping of oil from pipelines, tankers, or wells, usually with the intent to sell it on the black market. This practice i where oil theft has become a major problem, causing significant financial losses for the government and oil companies, as well as environmental damage from oil spills and gas flaring in the host communities.
NEITI in her report said Nigeria lost 620 million barrels of crude at the value of 46 billion dollars between 2009 to 2020 at 4.3 trillion Nairas It also shows a record 7143 pipelines vandalism cases were recorded in five years under review in the same vain 471 .49 billion Nairas was spent in for repairs and maintenance of pipelines. NEITI 2021 oil and gas industrial report said 68.47 million barrels amounting to 1.96 trillion. In another report, the national security adviser said that well………….
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