Nigeria Loses $2bn To Oil Theft In Eight Months   The ad-hoc committee set up by the Senate to investigate oil theft and consequent damage on the nation’s economy said on Tuesday that Nigeria lost $2 billion, equivalent to N1.3trillion, to oil theft between January and...

Nigerian Military Involved in 600,000 Oil Barrel Thefts Daily - PENGASSAN Chair The National President of PENGASSAN, Festus Osifo, has disclosed that oil theft was a collaborative crime between military personnel assigned to protect oil installations and the locals running illegal refineries. Noting that the military...