Oil is a major foreign exchange earner for Nigeria
Oil is a major foreign exchange earner for Nigeria

Nigeria's parliament 'to investigate' massive oil fraud

Nigeria's lower house of parliament is planning to set up a committee to look into allegations that $17bn (£13bn) worth of crude oil had been stolen during the last administration, the Reuters news agency reports.

Advertisement

It quotes parliamentarian Johnson Agbonayinma, who said there was an "urgent need to investigate" the issue.

He added that most of the allegedly stolen oil found its way to the US, China and Norway.

Nigeria's oil sector has long been plagued by allegations of corruption, and President Muhammadu Buhari has made a point or trying to tackle graft.

Connect With Us : 0242202447 | 0551484843 | 0266361755 | 059 199 7513 |

Like what you see?

Hit the buttons below to follow us, you won't regret it...

0
Shares