‘Nigerian Elite steal $3.6billion crude oil yearly’ | The Guardian Nigeria News - Nigeria and World News

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A few Nigerians, described as elite, may be stealing yearly about 42.25 million barrels of the nation’s crude oil worth $3.6billion at the prevailing price of $85 per barrel.

News of the economic sabotage was broken, yesterday, by the Group Managing Director of the Nigerian National Petroleum Corporation , Mele Kyari, at the 17th All Nigeria Editors Conference 2021 organised by the Nigerian Guild of Editors in Abuja.

Kyari, also blamed the elites, including politicians, for the continuous fuel importation and the bad state of the nation’s refineries. “Who steals crude oil? It is not the ordinary man in the village. It’s the elite of society, and it needs all of us to fight them. When we fight them, it is for survival of all of us,” the NNPC boss said.

The NNPC chief, however, noted that things are changing for the better as the corporation and her subsidiaries are now allowed to do things the way they should be done. As the country jostles to find its pathway, developments at the international oil market create hope for a $200 per barrel oil price.

 

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