The Federal Government has paid out more than $1.5 billion since 2020 to protect the nation’s oil installations and curb crude oil theft, the Secretary of the Government of the Federation (SGF), George Akume, revealed on Thursday. Akume, represented by Permanent Secretary Maurice Nandi, disclosed this at a public hearing of the House of Representatives on crude oil theft. READ ALSO:INEC can conduct LG elections successfully — Yakubu The hearing was convened to address the alarming report by the Nigerian Extractive Industries Transparency Initiative (NEITI), which estimated that over $46 billion worth of crude oil was stolen between 2009 and
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