Losses to Fuel Subsidies in Nigeria

Fraud, corruption and black market smuggling of fuel leads to an estimated loss of $4 Billion a year in Nigeria, according to a legislative committee. 59 million liters of fuel is discharged from vessels across the country, yet only 35 million liters are consumed, leading to 24 million liters being smuggled out of the country.

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Shell Oil Company Losses from Theft and Sabotage in 2010

Oil company Shell reported losing 22,310 barrels of oil from 112 incidents of oil smuggling theft and sabotage in 2010. 187 people were arrested by security agents who were invovled in oil smuggling activities. 28 barges, 20 tankers, 15 vehicles and 38 other boats that were invovled in oil smuggling was also seized by authorities in 2010.

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