“It is embarrassing that it is only in Nigeria that crude oil is stolen. We will be decisive in putting an end to this malaise. Our charge to all relevant agencies and departments of government is to work cooperatively with the required urgency this challenge deserves.”

—President Goodluck Jonathan, July 23, 2012.

Mrs Diezani Alison-Madueke, Nigeria’s oil minister was quoted as saying that, oil theft in the country has grown into a major economic problem, with the country recording a loss of over 6 billion USD a year. The Managing Director of Petroleum Products Marketing Company, Mr. Haruna Momoh, was also reported to have said that, Nigeria loses about 162 billion NGN