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NEITI Alleges Oil Worth $42bn Stolen in 10 Years

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Crude oil and refined products worth $41.9bn were stolen from Nigeria in the last 10 years, the Nigeria Extractive Industries Initiative has said.

NEITI also urged the government to embrace oil fingerprinting technology, comprehensive metering infrastructure of all facilities and other creative strategies to combat the growing menace of theft of Nigeria’s crude oil and refined petroleum products.

It said these in a policy brief released in Abuja on Wednesday.

A breakdown by the organisation showed that the nation lost $38.5bn on crude theft alone, $1.56bn on domestic crude and another $1.8bn on refined petroleum products between 2009 and 2018.

NEITI expressed concerns that in the face of current dwindling revenues, paying priority attention to curb oil theft in the country’s oil and gas industry had become both necessary and urgent to expand revenue generation.

The report further disclosed that Nigeria lost an average of $11m daily, which translated to $349m in a month and about $4.2bn annually to crude and product losses arising from stealing, process lapses and pipeline vandalism.

It said, “While figures from government put the loss at between 150,000 and 250,000 barrels per day, data from private studies estimated the figure to be between 200,000 and 400,000bpd.

“This implies that Nigeria may be losing up to a fifth of its daily crude oil production to oil thieves and pipeline vandals.”

On comparative analysis of the size and implication of the losses to the country’s current dwindling revenue profile, NEITI renewed its appeal to the government to curb oil theft to reduce budget deficits and external borrowing.

The transparency agency stated that the value of crude oil and allied products so far lost was equal to the size of Nigeria’s entire foreign reserves.

“Stemming this haemorrhage and leakages should be an urgent priority for Nigeria at a time of dwindling revenues and increasing needs,” the report stated.

According to the NEITI report, what the country lost in 20 months in fiscal terms was enough to finance the proposed budget deficit for 2020.

It said that what the nation lost in 15 months would be enough to cover total the proposed borrowing or increased capital budget by 100 per cent.

NEITI added “In terms of volume, 138.000 barrels of crude oil was lost every day for the past 10 years, representing seven per cent of average production of two million bpd.

“Nigeria lost more than 505 million barrels of crude oil and 4.2 billion litres of petroleum products between 2009 and 2018.

“What is stolen, spilled or shut-in represents lost revenue, which ultimately translates to services that government cannot provide for citizens already in dire need of critical public goods.”

The report further identified other effects of oil theft to the nation to include pipeline vandalism, criminal sabotage and illegal refineries in oil producing communities.

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Eguavoen Named Super Falcons Interim Coach

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A former head coach of the Super Eagles, Austin Eguavoen, has been appointed to lead Nigeria’s Super Falcons on a temporary basis as the search for a permanent manager continues.

His immediate assignment is navigating the 2028 Olympic Games second-round qualifying tie against Comoros this October.

Eguavoen brings top-tier experience to the role, having previously guided the Super Eagles to a bronze medal at the 2006 Africa Cup of Nations in Egypt.

Joining the interim technical crew is Nasarawa Amazons head coach Christopher Danjuma, who recently led the Falconets at the 2024 FIFA U-20 Women’s World Cup.

Former Super Falcons defender Ayisat Yusuf – who earned 68 caps and featured at the 2008 Beijing Olympics – also joins as an assistant coach, alongside veteran goalkeeper trainer Olatunji Baruwa.

The 10-time African champions will kick off their campaign against Comoros, who advanced after a staggering 30-0 aggregate win over Sudan.

Both legs of the fixture will take place at the Remo Stars Stadium in Ikenne-Remo on October 9 and 13, 2026.

To secure one of Africa’s two spots at the Los Angeles 2028 Games, Nigeria must navigate four two-legged knockout rounds.

Should they beat Comoros, the Super Falcons will move on to the third round in early 2027 to face either Morocco or the Democratic Republic of Congo. Subsequent rounds are set for late 2027, where potential clashes against sides like Cameroon, South Africa, or Zambia loom in the final stretch.

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Defence Minister Musa Accuses El-Rufai of ‘Terrible’ Crimes As Kaduna Gov

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The Minister of Defence, Gen. Christopher Musa, has accused a former Governor of Kaduna State, Nasir El-Rufai, of deliberately planning the killing of people in Southern Kaduna.

Musa made the allegation while fielding questions on Channels Television’s Politics Today programme on Thursday.

The minister said El-Rufai’s administration created deep divisions in Kaduna State, alleging that the situation made it difficult for residents from Southern Kaduna to live freely in the northern part of the State and vice versa.

According to him, the administration of the current governor, Uba Sani, has made deliberate efforts to restore unity and rebuild trust among residents of the State.

“We know how it was when El-Rufai was there; it was toxic,” Musa said.

“El-Rufai did a lot of terrible things in Kaduna State. He divided the country, the State, into two. In that, if you are from the South, you cannot go to the North and live. Those ones from the North were moving to the South.

“Governor Sani within one year has been able to dissolve all that. You see, now everybody is free, everybody has a say. It’s not 100%. Let me tell you, it’s not 100%, but you can see that he’s making deliberate effort in uniting the state.”

Speaking on the feelings of people in Southern Kaduna towards the former governor, Musa said the people remained deeply pained over killings recorded in the area during El-Rufai’s tenure.

He alleged that El-Rufai deliberately planned the killing of people in the region.

“Well, I don’t know if unhappy is an issue. I think if there’s anything worse than unhappy, we can never be happy with somebody who has deliberately planned for the killing of our people,” Musa said.

“I mean, when you look at it, if you look at his videos, you know, his speeches, he was very proud of what he did.

“He told us he paid bandits. He told us he did this, he did that. He didn’t hide it. He was that arrogant to come out and tell people that this was what he did.”

The Defence Minister said residents of Southern Kaduna were still traumatised by the killings that occurred during the period, adding that the security situation in the area had improved under the current administration.

“The Southern Kaduna people are still very pained. Of course, definitely. I mean, if you look at the number of killings that was done there and what is going on now, you can’t compare at all,” he said.

Musa further accused El-Rufai of denying some people opportunities during his administration and alleged that the former governor’s policies affected even people from his own part of the state.

“I can tell you what he has done to people living in Kaduna from his own area. He did a lot of things that I’m sure even him is not proud of,” he added.

The minister, however, called on Nigerians to reject politicians who exploit religion, ethnicity and other differences to divide the country.

“We should get politicians that want to unite Nigeria. For me, any individual who is using either religion, tribe, creed, or anything to divide the state can never be a friend; can never be somebody we look up to,” Musa said.

“We shouldn’t have those kind of ones in government. Anybody who is using religion or tribe or whatever to divide Nigeria is an enemy of the State.”

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Tinubu Jets Out to London for Three Weeks Leave

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President Bola Tinubu departed Abuja, the nation’s capital on Sunday for Europe to begin a three-week vacation as part of his annual leave.

Presidential spokesperson, Bayo Onanuga, in a release disclosed that Tinubu’s first stop will be London, United Kingdom.

The President is expected to return home after the working vacation to join the hectic campaign for the January 2027 election.

Vice President Kashim Shettima had earlier this month went on two-week leave, his first since the Tinubu government assumed office over three years ago. He has since returned.

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