Nigeria is missing $17bn in oil, reportedly because it was exported from the country without being properly declared. “The government is just broke and willing to go through every transaction in the oil and gas business to make sure that if there’s any money that they didn’t earn, they can get it now,” Oni said. This marks the latest allegation of multibillion-dollar graft directed at the oil industry in Nigeria. The Nigerian government has been accused by international investigators and human rights groups of using its vast wealth to buy off politicians with bribes or kickbacks. Nigeria says the international oil companies are partly to blame for the missing money; a number of lawsuits have been made against several oil majors this year, such as Chevron and Eni, over non-declaration of $12.7bn of crude and natural gas exports.
Nigeria is missing $17bn in oil, reportedly because it was exported from the country without being properly declared. This marks the latest allegation of multibillion-dollar graft directed at the oil industry in Nigeria. The Nigerian government has been accused by international investigators and human rights groups of using its vast wealth to buy off politicians with bribes or kickbacks. Nigeria says the international oil companies are partly to blame for the missing money; a number of lawsuits have been made against several oil majors this year, such as Chevron and Eni, over non-declaration of $12.7bn of crude and natural gas exports.