FG loses 13.21m-barrels oil worth N603.64bn in 2022

The Nigeria Upstream and Downstream Petroleum Regulatory Commission’s monthly reports show that Nigeria lost a huge amount of revenue as a result of massive oil theft between January and August this year, OKECHUKWU NNODIM and STEPHEN ANGBULU report Nigeria lost about 13.21 million barrels of crude oil with an estimated worth of N603.64bn between January