The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the legally recognised fines for stealing Nigeria’s crude oil have remained abysmally poor, amounting to either N100 or N5,000, according to two separate laws in the country. ....
Read more via OGLinks News –...
Two oil marketers, Yusuf Kwande and Osahon Asemota, as well five companies have been arraigned before Justice Mojisola Dada of an Ikeja Special Offences Court over allegations of $8.4 million fraud.
Charged alongside the two oil marketers are five companies namely: Trafigura Beheer BV...
A ship captain and 9 screw members of a local vessel, MV Peace, were on Monday sentenced to 12 years imprisonment by a Federal High Court in Lagos, Nigeria for oil theft.
The convicts are Captain James Abatan, Wasiu Owonikoko, Patrick Ameh, …
Read more via PM NEWS Nigeria –...
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