Over 80% of Nigeria’s crude oil stolen — Obasanjo

Over 80% of Nigeria’s crude oil stolen — Obasanjo

Former President Olusegun Obasanjo stated that one of the reasons why Nigeria’s economy is in ruins is that while other oil-producing countries have records of their oil production, Nigeria cannot account for hers due to theft.

This is coming as a former Chairman of the Northern Elders Forum (NEF) and ex-Vice Chancellor of Ahmadu Bello University (ABU), Prof. Ango Abdullahi, has passed a judgment on Nigeria’s leadership, saying it has failed the people.

Abdullahi added that there was a need for the country to be rescued from the leadership deficit.

They spoke yesterday in Abuja during the launching of a book titled, ‘Court and Politics,’ written by Dr. Umar Ardo, a former associate of the ex-Vice President, Atiku Abubakar.

Obasanjo, who was represented by a former governor of Niger State, Babangida Aliyu, wondered why the Nigerian economy would not be in ruins when, according to him, over 80 percent of her crude oil is stolen.

Obasanjo said while the crude oil quota is about two million barrels per day, over 1.7 million are stolen.