By Gift ChapiOdekina
ABUJA-Speaker of the House of Representatives, Tajudeen Abbas, has said the country lost about $46 billion (N16.25 trillion) to crude oil theft between 2009 and 2020.
This is even as a committee of the House summoned the Nigeria National Petroleum Company Limited, Nigeria Upstream Petroleum Regulatory Commission, and Ministry of Petroleum Resources, among others, for failing to honour its invitation.
The speaker, who spoke yesterday in Abuja while inaugurating the ad hoc committee to investigate crude oil theft and loss of revenue, said the menace of crude oil theft has drastically hampered the growth of the country’s oil production, with Nigeria losing between five and 30 per cent of daily crude oil production.
He, however, expressed shock that critical agencies in the oil and gas sector had refused to honour the committees’ invite, adding that the agencies were not doing the nation any good by refusing to appear before the parliament to answer…
Source: Vanguard Newspaper
