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18 Jul 2016 G loses $518m to Oil Swap, OPAs deals – NEITI scribe
17 Jul 2016 FG loses $518m to oil swap, OPAs seals – NEITI
16 Jul 2016 Nigeria must stop paying for peace to end a cycle of disruption in the Delta region
16 Jul 2016 Security agency destroys 250 illegal refineries, arrests 118 vandals in one year
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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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