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“Tony Elumelu Demands Transparency on Crude Oil Theft, Urges Government to Reveal Perpetrators”
Nigerian billionaire businessman Tony Elumelu has called on the government and security agencies to disclose the identities of those involved in the country’s crude oil theft. In a recent Financial Times interview, Elumelu highlighted that 18% of Nigeria’s daily crude production—amounting to 42,000 barrels—is stolen. He questioned why the government has not revealed those responsible, comparing the situation to high-profile incidents in other countries where perpetrators are quickly identified. His comments come amid the ongoing challenge of illegal oil refineries and a crude supply crisis affecting major infrastructure like the Dangote Refinery.