Senate Uncovers Over $300 Billion in Missing Crude Oil Revenue, Calls for Urgent Reforms
Nigeria’s Senate Committee on Oil Theft has raised alarm over the alleged disappearance of more than $300 billion in crude oil revenue, uncovering what it described as years of unaccounted earnings, faulty measurement practices, and systemic mismanagement in the nation’s oil sector. The committee, chaired by Senator Ned Nwoko, presented its interim report to the…