Fuel Subsidy and Oil thieves stole $14B in 2011 – Okonjo-Iweala

LAGOS— Minister of Finance, Dr Ngozi Okonjo-Iweala, has disclosed that Nigeria lost  $14 billion in 2011 to oil theft and fraud in the allocation of a controversial fuel subsidy. In an interview with Financial Times of London, the Finance Minister said the trade in stolen oil led to a 17 per cent fall in official […]


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