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14 Feb 2017 Ogoni Clean-up will cost $1b, Niger Delta needs a new vision says Osinbajo
6 Feb 2017 Oil theft, pipeline vandalism costs Nigeria $.4.7bn in one year
2 Feb 2017 Crude Oil Hits $56 as Russia Joins OPEC Cuts
2 Feb 2017 N420bn Illegal Crude, Diesel Seized by Nigerian Navy in 2016
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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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