Speaker of the House of Representatives, Femi Gbajabiamila on Tuesday said the country is losing 400,000 barrels of oil per day amounting to about $20.4 billion annually to theft.
Read Also
- Reps Approve $2.85 billion Loan Request For Budget Deficit Funding
- NASS Slam Religious Genocide Claims, Order Diplomatic Response To U.S.
- Gbajabiamila urges Northern Leaders to support Tinubu's administration, second term bid
- Sanwo-Olu, Hamzat, Gbajabiamila Vote as Lagos LG Elections Proceed Peacefully
But the Nigeria National Petroleum Corporation and the Office of the Accountant-General of the Federation said there is no record of the quantity of oil lost daily to crude theft.
The NNPC allege that oil theft was caused by criminality and historic neglect of the host communities.
