Economic

Nigeria’s stolen oil is sold and laundered abroad: report

“Stolen Nigerian oil worth billions of dollars is sold every year on international markets and much of the proceeds are laundered in world financial centers like Britain and the United States, a report said on Thursday. An estimated 100,000 barrels per day (bpd) of oil was stolen from pipelines in the Niger Delta in the first quarter of this year, the report by London-based Chatham House said, not including the unknown quantities stolen from export terminals.”

Source: Nigeria’s stolen oil is sold and laundered abroad: report | Reuters

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