https://proudstars.blogspot.com/2015/11/vandals-stole-n50bn-worth-of-petrol.html
Vandals stole N50bn worth of petrol from single pipeline, says NNPC
By PROUDSTARS.BLOGSPOT.COM
(rtd) General muhammadu buhari Minister for petroleum
Vandals stole nearly $250 million worth of petrol from a single pipeline in Nigeria in the first nine months of 2015, the country’s state-run oil company said Thursday, as motorists complained of shortages.
The Nigerian National Petroleum Corporation (NNPC) said 531 million litres of petrol worth more than 50 billion naira were lost between January and September.
The petrol was taken from the System 2B pipeline which stretches from the financial hub of Lagos to Ilorin, some 260 kilometres (160 miles) away to the northeast, the company added in a statement.
Nigerian governments past and present have repeatedly blamed pipeline vandalism and theft in the oil sector for hitting revenues as well as supplies to consumers.
The Pipelines and Product Marketing Company, an NNPC subsidiary, told a Senate committee that “incessant hacking” of the System 2B pipeline had “made the task of providing seamless flow of petroleum products to retail outlets more burdensome”.
