From Reuters

Nigeria lost out on $10.9 billion in potential oil revenues due to oil theft between 2009-2011, the chairman of the Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday.

“Over 136 million barrels estimated at $10.9 billion was lost to crude oil theft and sabotage,” Ledum Mitee said in an emailed statement, after NEITI published an audit of the Nigerian oil and gas sector this week.

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