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17 Apr 2014 Crude Oil Theft Causes Environmental Degradation - Uduaghan
17 Apr 2014 Senate’s heated debate and another probe into kerosene subsidy
17 Apr 2014 Uduaghan vows to halt oil theft in Niger Delta
16 Apr 2014 Fire destroys building at NNPC area of Ibadan
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 … securing the future of developing nations

Theft of oil costs oil companies, governments (and the communities they serve) hundreds of millions of dollars each year in Nigeria alone. In addition to loss of revenue, oil theft fuels violence and insecurity, feeds corruption, finances the purchase of weapons, corrupts youth, escalates youth unemployment, causes environmental pollution and destabilizes communal life.

The concept of oil certification follows the success of the “conflict diamonds” initiative and aims to hit the well-organised theft of oil by choking off the market for the stolen oil and interrupting the supply chain.
 
 
 
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