Oil Theft: Nigeria Recovers N86.2bn Oil In One Month

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Different government security outfits operating across the country have recovered stolen oil worth N86.2bn in August.

A total of 16, 000 litres of diesel valued at N800/litre were reported to have been recovered by members of the Nigeria Security and Civil Defence Corps in Cross River.

Speaking with the media, Rivers State NSCDC Commandant, Samuel Fadeyi, said the stolen products, which were mainly Automotive Gas Oil also known as diesel, were recovered within the last two weeks.

Also, last Wednesday, the Nigeria Customs Service, NCS, Seme Area Command, said it intercepted 3,998 jerry cans of Premium Motor Spirit, PMS, in 30 litres each, equivalent to 119,940 litres.

According to the Customs Area Controller, Bello Mohammed Jibo, the products, were about four tanker loads of 33,000 litres each.