Nigeria Has Lost N13 Billion To Pipeline Vandalism In Just A Month-NNPC Laments

Photo source: insuranceadvicenigeria.com

A report by the Nigerian National Petroleum Corporation (NNPC) has stated that, Nigeria has lost N12.566 billion in one month due to oil theft and pipeline vandalism.

 In it's financial report, the Corporation stated that in March 2016, 5.94 billion worth of crude oil was lost, 1.757 billion worth of petroleum products was lost and N4.87 billion was spent to repair pipelines and also manage them.