Oil Theft And Losses, If Not Stopped, Would Fuel Nigeria's Crisis - Osinbajo And Ndiomu - Legitvibes May 2026

Former Nigerian Vice President Yemi Osinbajo and Major General Barry Ndiomu (rtd) warned in early 2023 that unchecked crude oil theft represents an existential threat to national security, with losses totaling roughly $46 billion between 2010 and 2020. The panel identified a "sophisticated network of complicity" involving security agencies and industry players, prompting calls for stricter penalties and technological solutions to prevent a total public finance crisis. Read more in this report from Daily Post .